May 1, 2002 — Neuberger Berman (NEU) has introduced a mutual fund that invests in real estate-related securities.
The Neuberger Berman Real Estate fund invests primarily in real estate investment trusts and stocks and other securities of companies involved in real estate. It can hold up to 20% of its assets in debt securities.
Apr. 29, 2002 — BlackRock Inc. has added a small-cap growth management team in its Boston office. Led by Neil Wagner, formerly a vice president at MFS Investment Management, the team will include several research analysts, including Andrew Thut, who is also joining from MFS.
According to Raymond Ahn, a spokesman for BlackRock, Wagner will take over as portfolio manager of the BlackRock Small Cap Growth Equity (CSGEX), replacing William Wykle, who will remain with the firm managing separate accounts.
Wagner previously managed more than $5-billion in small-cap growth assets, including the MFS New Discovery Fund (MNDBX) and MFS Institutional Emerging Equities Fund (MEEIX), as well as separate accounts. Thut has worked on these portfolios with Wagner since 1998.
MFS could not be reached for further details.