Ex-Goldman Sachs gatekeeper Ram Ramaswamy has re-emerged at Neuberger Berman's Breton Hill team as head of investment solutions.
Neuberger Berman acquired Toronto-based Breton Hill Capital in November, having first announced the deal in September.
Breton Hills, which had $2 billion in assets under management as at the end of August, offers macro trading and factor-based strategies to institutional clients in Canada and the US, the latter through its Boston-based affiliate BHC Macro Investment Management.
It also subadvises some mutual funds and exchange-traded funds in Canada through a relationship with Purpose Investments.
In his new role Ramaswamy will be responsible for creating investment solutions and giving portfolio insight to institutional and high-net-worth clients.
At Goldman Sachs, Ramaswamy was vice president of the firm’s alternative investment and manager solutions group. He left in March after 16 years with the firm, as Citywire first reported.
Ray Carroll, chief investment officer at Neuberger Berman Breton Hill, said: ‘We look forward to Ram driving client solutions through his deep understanding of quantitative investing. We will continue to build the team as we strive to produce the best investment outcomes for our clients.’
Breton Hill was set up in 2011 by Carroll, portfolio manager Simon Griffiths, and head of investment management Frank Maeba. The trio has worked together for over 19 years. They will continue to be responsible for their own investment process, which is not expected to change as a result of the deal.
As a result of the acquisition the Breton Hill team will lead Neuberger's quantitative unit, reporting up to Doug Kramer and Erik Knutzen, co-heads of quantitative and multi-asset class investments.
Neuberger's quantitative investment group currently oversees a number of systematic equity strategies with a total of $3.4 billion in assets.
The Breton Hill team will replace Neuberger's quantitative investment group on some of these strategies.