MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, December 7, 2018 Advani Builds Nuveen's 13th Affiliate 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.
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." Printed from: MFWire.com/story.asp?s=59022 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |
