TIAA-CREF Seeds Subsidiary Covariance With $1B

Mar 29 2011 | 9:47am ET

TIAA-CREF, a financial services and retirement planning specialist for the nonprofit sector, has provided $1 billion in seed capital to its newly launched endowment management subsdiary, Covariance Capital Management.

Covariance will offer clients access to experienced third-party investment managers in traditional as well as alternative asset classes such as private equity, real estate, commodities and hedge funds. 


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