Nuveen Updates Fund Management Structure

New participating affiliates enhance research and portfolio management for global infrastructure and real estate funds.

October 15, 2024

Management Shift Incorporates Global Resources

Nuveen has introduced a new update to its management structure for two key funds: the Global Infrastructure Fund and the Global Real Estate Securities Fund. As part of this update, Nuveen Asset Management will now draw on the resources of two foreign affiliates, Nuveen Hong Kong Limited (NHK) and Nuveen Investment Management International Limited (NIMIL). Both NHK and NIMIL are unregistered under the U.S. Investment Advisers Act of 1940, but they are expected to enhance the research and portfolio management capabilities of the funds through a "participating affiliate" arrangement.

This adjustment comes as part of a broader strategy to leverage global expertise, reflecting the increasingly international scope of the funds. The participating affiliate arrangement permits U.S. registered investment advisers like Nuveen to utilize the portfolio management and research resources of foreign affiliates under specific regulatory oversight.

Enhancing Advisory Resources

The integration of NHK and NIMIL into the management of these funds demonstrates a continued commitment by Nuveen to enhance its research capacity, particularly in the global markets where these funds operate. NHK, based in Hong Kong, and NIMIL, operating internationally, offer strategic insights into the infrastructure and real estate markets that are critical to the performance of these investment portfolios. By tapping into these affiliates, Nuveen hopes to position the funds for more robust growth and improved performance.

Maintaining Regulatory Supervision

While NHK and NIMIL are not directly registered under the U.S. Advisers Act, Nuveen ensures that their activities fall under the regulatory supervision of its U.S. registered entities. This structure allows for effective risk management while capitalizing on the advantages that international expertise can bring to these funds.

These updates are part of Nuveen’s ongoing efforts to adapt its fund management strategies to an evolving global marketplace, where specialized knowledge of regional markets can provide significant competitive advantages for investors.