NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--As part of its commitment to providing clients with the broadest array of outcome-driven solutions to meet their unique investment goals, Nuveen, a premier global asset manager, has launched Nuveen Quantitative Strategies.
The new investment affiliate will provide systematic investments and insights across equity and fixed income asset classes. The firm’s existing quantitative- and index-investing team, based in San Francisco and New York, will serve as a foundation for this effort as Nuveen continues to build out its investment platform to harness and develop new technologies. To augment these capabilities, Nuveen will also seek external partnerships with academics and industry experts.
“We created this new affiliate to better leverage artificial intelligence and other technologies as Big Data plays an increasingly important role as a positive disrupter in the asset-management industry,” said Nuveen Chief Executive Officer Vijay Advani. “We continue to invest in our people and technology so that we can offer clients solutions that provide competitive returns as well as efficient market exposure. We’ll also work closely with our parent firm, TIAA, whose heritage of providing retirement solutions to academic institutions can help us forge partnerships with universities to conduct research and further advance our capabilities.”
Nuveen Quantitative Strategies, led by Adam Cao, currently manages approximately $43 billion across equity and fixed income asset classes and undertook its first quantitative investments in equity growth and value sectors in 2000. The team consists of 19 investment professionals with an average of 20 years of experience managing quantitative and index strategies. It also manages approximately $129 billion in indexed assets, including Nuveen mutual funds and ETFs, that seek to optimize clients’ exposure to environmental, social and governance (ESG) factors.
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $988 billion in assets under management as of 9/30/18 and operations in 16 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.
The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC. Securities offered through Nuveen Securities, LLC member FINRA and SIPC.