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Bailey McCann, Opalesque New York: Nuveen, an operating division of TIAA Global Asset Management Is partnering with Artivest to launch a new alternatives platform. Uneven says that the partnership will improve distribution of alternatives products to RIAs, Family Offices, Private Banks, and other Financial Advisors serving qualified high-net-worth investors. Advisors will now be able to access Nuveen and TIAA’s alternative investment solutions, which currently comprise assets exceeding $140 billion, as of March 31, 2016, in aggregate, including real estate, agriculture, infrastructure, timber, agribusiness, private equity, as well as alternative credit-based, long/short, and special sector investment strategies.
Both companies say the partnership will improve the client experience for high-net worth investors who may have difficulty accessing high quality funds.
The launch of this new initiative clearly illustrates our commitment to serving advisors in this space and our desire to help their clients access the broad and deep alternative investment solutions at TIAA Global Asset Management and build out this important component of their portfolios," said Mike Perry, Managing Director, Head of Alternative Investments for Nuveen.
The platform play comes as Nuveen makes a big push into alternatives. In May, the firm hired Bill Stout as Managing Director and Head of Alternative Investments Business Development. The role is new for Nuveen and focuses on placing new...................... To view our full article Click here
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