Nuveen regroups quant, passive teams into single affiliate

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Nuveen regroups quant, passive teams into single affiliate – Pensions & Investments





































































<br /> <!-- Swiftype Variables --> <br /> Nuveen has launched Nuveen Quantitative Strategies, a new unit that combines the company’s current quantitative and passive management teams.Christine Williamson<br /> </p> <p id="">Nuveen has launched Nuveen Quantitative Strategies, its 13th affiliate.</p> <p>The new unit combines the company’s current quantitative and passive management teams, which run $43 billion and $129 billion, respectively, in equity and fixed-income strategies, said company spokeswoman Mary Ellen Higgins. </p> <p><b>Adam Cao</b>, managing director, is head of Nuveen Quantitative Strategies. He was on the quantitative team and headed Nuveen’s quantitative and indexed equity strategies.</p> <p>All 19 members of the existing investment teams joined the new quantitative unit and remain in their respective offices in New York and San Francisco, Ms. Higgins said. </p> <p>Nuveen Quantitative Strategies also will seek to develop external partnerships with academic institutions, she added.</p> <p>“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,” Nuveen CEO Vijay Advani said in a news release.</p> <p>Nuveen managed a total of $988 billion as of Sept. 30. </p> <p>

































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