Robert C. "Bob" Doll, senior portfolio manager and chief equity strategist at Nuveen, is set to retire from the firm this month.
The exact date of his departure has not been set, spokeswoman Jessica Greaney said in an email.
Mr. Doll, who is based in Princeton, N.J., joined Nuveen in 2012 and currently manages $2.5 billion in U.S. large-cap equity and equity long/short and equity market-neutral hedge funds, as well as separate accounts, according to an internal memo Wednesday to Nuveen employees.
Scott A. Tonneson, portfolio manager and senior research analyst, is to assume Mr. Doll's portfolio management duties, the memo said. Mr. Tonneson has been co-portfolio manager on the funds and separate accounts with Mr. Doll is responsible for.
David A. Chalupnik, head of U.S. active equities portfolio management, and David S. Park, director of research, are to serve as co-portfolio managers with Mr. Tonneson on the various large-cap equity funds and hedge fund and separate accounts he is to oversee, the memo said.
Messrs. Chalupnik and Park are co-heads of Santa Barbara Asset Management, a Nuveen equity management subsidiary, according to Nuveen's website. Mr. Park also director of research for Santa Barbara.
Nuveen will not replace Mr. Doll as chief equity strategist, Ms. Greaney said.
"Bob has had an incredible 42 years as a leading equities investor and thought leader whose insights helped thousands of investors navigate through multiple market cycles and construct portfolios to meet their long-term goals and he brought that expertise to our portfolio management and client engagements," Nuveen said in the internal memo.
Nuveen and its affiliates managed $1.2 trillion as of Dec. 31.
