Neuberger Berman High Yield Strategies Fund Announces Changes to Portfolio Management Team

Management Shift at Neuberger Berman High Yield Strategies Fund

The Neuberger Berman High Yield Strategies Fund Inc. (NYSE American: NHS) is preparing for significant changes in its portfolio management team that are set to take effect soon. This shift marks a moment of evolution for the fund as it emphasizes both its growth and strategic direction for the future.

As of December 31, 2025, Joseph Lind, who has been serving as a co-Portfolio Manager, will enhance his responsibilities by stepping into a new role as Co-Head of Special Situations. This transition signifies his expanded focus on specialized investments, which are vital to navigating complex market conditions. Importantly, Lind will gradually phase out of his existing portfolio management duties with a planned exit around December 31, 2026.

In light of Lind’s new appointment, the firm has also announced that Steve Ruh, CFA, Managing Director, will step into the role of co-Portfolio Manager for the Fund, effective on the same date. Ruh's extensive experience in the investment sector makes him a natural fit for this position, as he brings a wealth of knowledge in financial analysis and portfolio management to the team.

About Neuberger Berman

Neuberger Berman, founded in 1939, is an independent and employee-owned investment manager recognized as a leader in the global financial landscape. The firm manages a substantial $558 billion across various investment vehicles, including equities, fixed income, private equity, real estate, and hedge funds, all for institutional investors, advisors, and individual clients. With over 2,900 employees spread across 26 countries, Neuberger Berman has positioned itself as a robust player in the investment management arena.

The firm's investment philosophy prioritizes active management and fundamental research, underpinned by a commitment to engaged ownership. Consistently recognized as a top employer, Neuberger Berman has been named the #1 Best Place to Work in Money Management by Pensions & Investments, achieving a top-two position for over eleven consecutive years. Their dedication not only focuses on investment success but also on creating a supportive and thriving workplace culture.

Future Implications

While changes in portfolio management teams can often bring uncertainties, Neuberger Berman's proactive steps are designed to mitigate risks associated with transitions. The firm acknowledges the inherent risks in the market, including fluctuations in securities and potential economic downturns, as stated in their communications. The upcoming leadership transitions represent a strategic approach to ensure continued alignment with the firm's investment objectives and overall vision.

Reportedly, the management changes at Neuberger Berman High Yield Strategies Fund are built around enhancing responsiveness to evolving market opportunities and maintaining a competitive edge within the investment community. As they embark on this new journey, stakeholders, clients, and market observers will be watching closely to see how these changes shape the Fund's future performance and investment strategy.

In preparation for these significant developments, interested parties are encouraged to stay informed about the Fund's activities and progress. For more information regarding the transition and other updates, they can visit Neuberger Berman's official website or reach out to their investor information line.

As Neuberger Berman navigates this transition, they'll carry forward their fundamental principles while embracing new leadership that could align with the changing investment landscape. The future holds promise as they continue to adapt and evolve within the realm of investment management.