Founded in 1939 by Roy R. Neuberger and Robert Berman, Neuberger Berman was built on a philosophy of disciplined, research-driven investing and strong alignment with clients. Roy Neuberger, often considered a pioneer of modern asset management, emphasized long-term value investing and fundamental analysis, helping the firm establish an early reputation among institutional and high-net-worth investors. Over time, the firm expanded across equities, fixed income, private markets, and alternative strategies, growing into a global asset manager. A defining moment came in 2008 when it was spun out of Lehman Brothers following its collapse, with employees acquiring the business and restoring it as an independent, employee-owned firm. Today, Neuberger Berman is known for its long-term investment approach, diversified platform, and reputation for stability and stewardship across market cycles.