Nuveen Announces Updates to Closed-End Fund Portfolio Management Teams
March 26 2019 - 8:30AM
Business Wire
Portfolio manager responsibilities for four closed-end funds for
which Nuveen Asset Management (NAM) serves as a subadviser have
been updated. Kevin Lorenz has been added to the existing portfolio
management teams for each of the funds below. There will be no
impact on the investment approach, investment strategies or any of
the fund’s investment objectives or policies.
Information on the portfolio management transition is outlined
in the table below.
Portfolio Current Portfolio
Management Team Ticker Fund Name
Management Team Effective 3/26/2019 JGH Nuveen
Global High Income Fund Anders Persson Kevin Lorenz Michael Ainge
Anders Persson Tim Palmer Michael Ainge
Tim Palmer JHD Nuveen High Income December 2019
Target Anders Persson Kevin Lorenz Term Fund Michael Ainge Anders
Persson Tim Palmer Michael Ainge
Tim Palmer JHY Nuveen High Income 2020 Target Term Fund
Anders Persson Kevin Lorenz Michael Ainge Anders Persson Tim Palmer
Michael Ainge Tim Palmer
JHB Nuveen High Income November 2021 Target Anders Persson Kevin
Lorenz Term Fund Michael Ainge Anders Persson Tim Palmer Michael
Ainge Tim Palmer JHAA
Nuveen High Income 2023 Target Term Fund Anders Persson Kevin
Lorenz Michael Ainge Anders Persson Tim Palmer Michael Ainge
Tim Palmer
Kevin Lorenz is responsible for managing Nuveen’s high yield
bond portfolios as part of the Nuveen Asset Management (NAM) and
TIAA Investments organizations. Previously, he served as a director
with TIAA Investments’ Private Placements Team, investing in both
high-grade and high yield securities. He joined the TIAA
organization in 1987 as a generalist focusing on the private
placement market. Kevin holds a BS in accounting from Rider
University and an MBA in finance from Indiana University. He is a
member of the New York Society of Security Analysts.
Tim Palmer and Nuveen have mutually agreed to transition his
role and he will be leaving the firm later this year. He will
continue to have portfolio management responsibilities for these
funds until July 31, 2019 to provide continuity during this
transition.
For more general closed-end fund information and education,
please visit Nuveen’s closed-end fund website.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has $930 billion in assets under management as of
12/31/18 and operations in 16 countries. Its affiliates offer deep
expertise across a comprehensive range of traditional and
alternative investments through a wide array of vehicles and
customized strategies. For more information, please visit
www.nuveen.com.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
794831-INV-AN-03/21
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version on businesswire.com: https://www.businesswire.com/news/home/20190326005525/en/
Kristyna Munoz312-917-8343Kristyna.Munoz@nuveen.com
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