Nuveen Introduces Alternative Investments Unit

Nuveen Investments announced the creation of Nuveen Alternative Investments, a new unit designed to serve the needs of institutional investors seeking alternative forms of alpha and uncorrelated returns.

According to the announcement, the new unit will be led by Nuveen Investments President Mark Anson, and Managing Director Jamshaud Zovein. Anson previously served as CEO of Hermes Pensions Management Ltd., the British Telecom Pension Scheme, and prior to that, the Chief Investment Officer of the $245 billion California Employees’ Retirement System (CalPERS).

Zovein currently heads Nuveen Investments’ Institutional Product Development and Management team.

The announcement said one of the key objectives of Nuveen Alternative Investments is the creation of a suite of alternative investments as well as the development of Nuveen’s Global Endowment Model. The Global Endowment Model will draw upon the expertise and strengths of Nuveen Investment Solutions to employ asset allocation, global manager search and selection, and risk management strategies similar to those used by the largest pension and endowment programs.

“Our focus will be to leverage the investment approach of the more sophisticated endowment and pension programs, to bring to investors actively managed multi-manager, multi-asset, and multi-strategy funds that achieve consistent, long-term absolute returns while taking on significantly less risk than the traditional market,” said Zovein, in the announcement.