Nuveen Investments announced today the creation of Nuveen Alternative Investments.
The new unit, which will target institutional investors, will be led by Mark Anson, the firm’s president, and Jamshaud Zovein, managing director.
“Our focus will be to leverage the investment approach of the more sophisticated endowment and pension programs, to bring to investors actively managed multimanager, multiasset and multistrategy funds that achieve consistent, long-term absolute returns while taking on significantly less risk than the traditional market,” Mr. Zovein said in a news release.
One of the first initiatives is to develop a global endowment model to employ asset allocation, global manager search and selection, and risk management strategies similar to those used by large endowments and pension funds.
Nuveen managed $134 billion total assets as of Sept. 30.
