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Chicago Laborers plan taps Neuberger Berman for volatility strategy Chicago Laborers plan taps Neuberger Berman for volatility strategy Neuberger Berman to run $50 million in a volatility risk premium portfolio. The $1 billion pension fund s board approved the investment in the manager s U.S. Equity Index PutWrite strategy at a March 11 special meeting, recently released meeting minutes show. The pension fund issued an RFP in October for volatility risk premium managers. According to the meeting minutes, the other finalists were DGV Solutions, Gladius Capital Management and Parametric Portfolio Associates. The board also approved a commitment of $10 million to value-added real estate fund ....