Geber was a lead portfolio manager at Man Group unit GLG Partners in New York. London-based Man is one of the 10 largest hedge fund firms in the world with $54 billion under management as of Dec. 31.
Focused on small-company stocks, Geber worked on long-only and long/short funds in both developed and emerging markets since February 2008, according to marketing materials. Geber previously worked at Epoch Investment Partners, Trident Investment Management, Omega Advisors and Goldman Sachs.
Geber also took an analyst, Thuy Tran, with him from GLG. Another analyst is expected to be hired for their team, according to the memo.
A spokesman for Neuberger confirmed the hires but declined further comment. A representative of Man declined to comment.
The launch is Neuberger's fourth fund of that type.
The asset manager launched its now-$6.5 million Long Short Multi-Manager Fund in December 2013 and the $745 million Absolute Return Multi-Manager Fund in May 2012. The firm also has a $2 billion Long Short Fund (launched in December 2011) and a $52 million Risk-Balanced Commodity Strategy Fund (launched in August 2012) as part of its alternative mutual fund portfolio.
"The growing investor demand for liquid alternatives is putting PMs who can go both long and short in hedge or mutual funds in high demand," said Sasha Jensen, founder of recruiting firm Jensen Partners. "The line between hedge and mutual funds is increasingly blurry."
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