Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Advani Builds Nuveen's 13th Affiliate Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, December 07, 2018

Advani Builds Nuveen's 13th Affiliate

News summary by MFWire's editors

Vijay Advani is creating a quant and passive shop with about $172 billion in AUM as Nuveen's [profile] 13th boutique. And they're looking for allies.

Adam Cao
Nuveen
Managing Director, Head of Quantitative and Index Portfolio Management
Yesterday Advani, CEO of Nuveen (TIAA's asset management arm), confirmed the launch of Nuveen Quantitative Strategies. The new affiliate is led by quant PM Adam Cao, managing director and head of quantitative and index portfolio management.

P&I also reported on the news.

To start with, Nuveen Quantitative Strategies pulls together Nuveen's existing New York- and San Francisco-based quantitative and index investing teams. The quant team works with about $43 billion, and the index team works with about $129 billion. Together, they account for more than 17 percent of Nuveen's $988 billion in AUM (as of September 30).

"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," Advani states.

Advani also hints that he'll be looking to boost the Nuveen Quantitative Strategies team via strategic alliances.

"We continue to invest in our people and technology so that we can offer client solutions that provide competitive returns as well as efficient market exposure," Advani states. "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." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use