David Iben will join Vinik Asset Management in June.
Mr. Iben, chief investment officer of Nuveen Investment’s Tradewinds Global Investors affiliate, will be succeeded by Emily Alejos and Andrew Thelen as co-chief investment officers, Kathleen Cardoza, a spokeswoman for Nuveen Investment, said Wednesday in an interview. Mr. Iben wasn’t immediately available to comment, she said.
Mark Hostetter, CEO of Vinik Asset Management, declined to comment.
Ms. Cardoza said Tradewinds has a “deep team” and an investment process driven by analyst research.
Nuveen, whose investment affiliates include NWQ Investment Management and Santa Barbara Asset Management, oversees about $230 billion in mutual funds, closed-end funds and institutional accounts. The Tradewinds unit, which was started in 2006 to invest in global stocks of all sizes, manages about $34 billion.