Nuveen Updates Management on Eight Closed-End Funds
October 01 2018 - 9:01AM
Business Wire
Eight Nuveen closed-end funds sub-advised by Symphony
Asset Management announced portfolio management updates as part of
an orderly leadership succession in which Gunther
Stein has stepped down as Chief Investment Officer and Chief
Executive Officer at Symphony Asset Management.
Symphony’s mandate for each fund will continue to be managed by
the Symphony portfolio managers listed below who currently have
investment management responsibility for these strategies. Mr.
Stein, who has ceased all portfolio management activities but will
remain at Symphony as Chairman through year end 2018, stressed that
the investment philosophy, approach and day-to-day
management of each mandate will remain unchanged.
“Symphony will continue to manage these mandates as we always
have, through a team-based approach to rigorous fundamental
research, valuation and risk analysis that we believe identifies
value across the capital structure and delivers desirable portfolio
outcomes,” said Mr. Stein. “The PMs now assuming sole
responsibility for these funds have worked closely with me for over
15 years in driving all portfolio decisions.”
The funds affected, tickers and Portfolios Managers are:
- Nuveen Senior Income Fund (NSL): Scott
Caraher
- Nuveen Floating Rate Income Fund (JFR):
Scott Caraher
- Nuveen Floating Rate Income
Opportunities Fund (JRO): Scott Caraher
- Nuveen Short Duration Credit
Opportunities Fund (JSD): Scott Caraher, Jenny Rhee
- Nuveen Credit Strategies Income Fund
(JQC): Sutanto Widjaja
- Nuveen Credit Opportunities 2022 Target
Term Fund (JCO): Jenny Rhee, Scott Caraher
- Nuveen Diversified Dividend and Income
Fund (JDD): Scott Caraher
- Nuveen Tax-Advantaged Total Return
Strategy Fund (JTA): Scott Caraher
About Symphony
Symphony, an affiliate of Nuveen, applies a team-based approach
to rigorous fundamental research and risk analysis across the
corporate capital structure, identifying and translating relative
value into desired risk-reward outcomes. For more information,
please visit www.symphonyasset.com.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $973 billion in assets under management as of
6/30/18 and operations in 16 countries. Its affiliates offer deep
expertise across a comprehensive range of traditional and
alternative investments through a wide array of vehicles and
customized strategies. For more information, please visit
www.nuveen.com.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20181001005522/en/
NuveenKathleen Cardoza,
312-917-7813kathleen.cardoza@nuveen.com
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