The deal will add more than $221 billion in assets to TIAA-CREF's roughly $569 billion in assets under management, broadening its portfolio with closed-end municipal bond funds that offer regular, annuity-type payouts. Robert Leary, president of TIAA-CREF.
TIAA-CREF launched in 1918 as a pension fund for college professors, and it became a dominant player in academia and elsewhere in the non-profit world. The bulk of its assets under management–about 88% of the $570 billion it currently manages.
assets under management in Europe, Asia and Australia. TIAA-CREF, which separately manages $56 billion in real-estate assets in the Americas, bought its controlling 60% stake about one year ago from Henderson Global Investors for about £114 million.
NEW YORK--(BUSINESS WIRE)--TIAA-CREF, a leading financial services provider, today announced the launch of Churchill Asset Management LLC ... services organization with $851 billion in assets under management (as of 12/31/2014) and is the leading provider.
This New York-based company, which was founded in 1918 by Andrew Carnegie, has a major portion of its assets allocated to stocks and fixed-income securities. TIAA Global Asset Management had $954 billion assets under management invested in a wide array of.
TIAA-CREF has $520 billion in assets under management. It provides retirement services to universities, hospitals and other nonprofit organizations. Our Standards:The Thomson Reuters Trust Principles.
deal's $6.25-billion total price tag includes debt owed by Nuveen that would be assumed by TIAA-CREF. The addition of Nuveen's $221 billion in assets under management would bring the total value of assets managed by TIAA-CREF to about $800 billion.
NEW YORK/BOSTON (Reuters) - TIAA-CREF, one of the largest U.S. assets managers, is asking the top 100 companies ... TIAA-CREF, which has $851 billion under management, has supported proxy access in the past. The issue gained wider attention last fall.
April 14 (Reuters) - Asset manager TIAA-CREF will buy rival Nuveen Investments for $6.25 ... would create a firm with nearly $800 billion under management, the Journal reported. (http://link.reuters.com/cuf58v) The deal is expected to close by the end.