On April 14, TIAA-CREF took a significant and exciting step for our clients, our company and our employees by announcing an agreement to acquire Nuveen Investments, a diversified investment management company based in Chicago..
For nearly a hundred years, TIAA-CREF has been a wise financial steward for those who make a difference in the world, and this transaction reinforces TIAA-CREF’s position as a leading diversified financial services organization with a broad mix of product offerings to serve clients today and those in retirement for decades to come.
The acquisition of Nuveen can generate greater returns that will benefit our customers, and it also adds diversification to TIAA-CREF’s investment platform and enhances our award-winning mutual fund offerings. TIAA-CREF was named the 2013 and 2014 Best Large Overall Fund Company by Lipper as part of its U.S., Lipper Fund Awards based on risk-adjusted performance against 36 peers (2013) and 48 peers (2014).*
We will always remain true to our core mission and serve those in the non-profit arena. But to fortify the long-term strength of the organization, we are becoming a truly diversified financial services company.
If you would like to read more about this exciting news, please review our press release.