Global asset manager Nuveen has launched Nuveen Quantitative Strategies, a new investment affiliate which 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,” says Nuveen Chief Executive Officer, Vijay Advani (pictured).
“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.”