At a Glance
"Good products" and a "solid reputation"
Diversity could be better
"Lesser known, old firm"
About Nuveen Investments
Founded in 1898 as John Nuveen & Company and acquired by insurance conglomerate The St. Paul Companies in 1974, Chicago-based Nuveen Investments has spent much of the past 100 years operating almost solely as a municipal-bond investment banker. But recently, it has evolved into a complete money manager, offering a full range of financial services through its affiliates. Today, Nuveen provides investment advisory, investment management, distribution and administration services to its family of funds and high-net-worth and institutional investors. The firm sells its funds through banks, brokerages, insurance agents and other financial service providers.
Nuveen Investments markets its investment management services to individual and institutional customers through seven distinct brands: Nuveen, for fixed income investments; NWQ, covering value-style equities; Santa Barbara Asset Management, committed to growth equities; Tradewinds Global Investors, specializing in global value equities; HydePark, providing enhanced investment products and custom solutions to the investment marketplace; Symphony, an institutional manager of market-neutral alternative investment portfolios and Winslow Capital, a portfolio management firm. The company has its headquarters in Chicago and also has offices with its affiliates in Chicago, Ill.; Los Angeles, San Francisco, Santa Barbara in California and Minneapolis, Minn.
Living the private life
The strength of Nuveen’s brand name products and the growth of the company’s high-net worth and institutional investment branches brought the attention of some of the biggest players in the market. This prompted a major shift in 2007 that brought Nuveen into the increasingly crowded field of former public asset managers that have been bought out by private-equity companies.
A new launch
In April 2007, the firm announced the creation and IPO of the Nuveen Multi-Currency Short-Term Government Income Fund. According to the firm, the fund, which raised around $900 million in its common share offering, will be “investing directly in short-term international (non-U.S.) government debt securities, and indirectly through the purchase of forward currency contracts and other derivative instruments that offer exposure to the returns of short-term international government securities.”
A walk in the HydePark
In September 2007, Nuveen combined its equity index and benchmark-based investment management activities into a new group called the Nuveen HydePark Group. This was part of the firm’s attempt to expand its equity capabilities to institutional investors. Nuveen Asset Management put Rob Guttschow and John Gambla, two of its top portfolio managers, on the Nuveen HydePark team in order to bolster the new group.
333 West Wacker Drive
Chicago, IL 60606
Phone: (312) 917-7700
Employer Type: Public
Stock Symbol: JNC
Stock Exchange: NYSE
CEO: John P. Amboian
2007 Employees (All Locations): 743