Deals
Neuberger Buys Horizon Options Group as Kramer Unites Team
- Neuberger adds client assets, team from Horizon Kinetics
- Quadrangle, Goldman Sachs alum Kramer sees options opportunity
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Neuberger Berman, the employee-owned money manager run by George Walker, acquired an options investing team from Horizon Kinetics after hiring its chief executive officer, Doug Kramer.
Kramer joined Neuberger in November after leading Horizon Kinetics for about five years. This is the first time the money manager has had a team dedicated solely to options strategy management, Kramer said in a telephone interview. He was previously the chief operating officer of Quadrangle Group, the private-equity firm co-founded by Steven Rattner, and a partner at Goldman Sachs Group Inc.