Nuveen Offers Symphony-Backed Hedge-Like Credit Mutual Fund

May 26 2010 | 9:52am ET

Mutual fund house Nuveen Investments is bringing a distressed debt hedge fund’s eye to retail investors. The Chicago-based firm has hired hedge fund Symphony Asset Management to subadvise its new credit opportunities fund.

The Nuveen Symphony Credit Opportunities Fund will invest in below-investment-grade bonds, loans and convertible securities, guided by San Francisco-based Symphony’s bottom-up analysis.

“At a time when robust and fundamental credit analysis is especially critical to constructing quality debt portfolios, we are pleased to bring this new Symphony strategy to retail mutual fund investors,” says Alan Brown, executive vice president at Nuveen.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of