Further expanding Nuveen Asset Management’s investment platform into specialized equities is the real assets team from FAF Advisors, featuring a highly respected and experienced real estate (REIT) capability that is led by John Wenker. Having been with FAF Advisors since 1992, he has been a key member of their Asset Allocation and Investment Strategy Committees. Extending their expertise in real estate securities investing, Wenker and his team are also responsible for a global infrastructure equity capability that has built a strong reputation in this important and fast growing segment of the market.
Importantly, this new combination adds significant core strengths in equity investing. Leading Nuveen Asset Management’s Equity team and Quantitative/Asset Allocation team will be FAF Advisors’ David Chalupnik and Keith Hembre, respectively. As head of equities for FAF Advisors, Chalupnik was responsible for the investment process and performance for the equity investment team. At FAF Advisors, Hembre led the team that managed asset allocation, index and quantitative strategies. In addition to his continued portfolio management responsibilities and heading Nuveen Asset Management’s Quantitative/Asset Allocation team, Hembre will also serve as Nuveen Asset Management’s Chief Economist & Chief Investment Strategist. With 44 years of financial industry experience between them, Chalupnik and Hembre, along with their investment teams add a broad range of specialized equity investment capabilities that will greatly enhance the overall ability of Nuveen Asset Management to provide financial professionals, consultants and their clients with proven single-strategy equity products and dynamic multi-strategy solutions.
Huffman adds, “With this powerful business combination and strong continuing support from Tom Schreier, Vice Chairman of Nuveen Investments who also serves as Chairman of Nuveen Asset Management, we are able to capitalize on our collective and complementary strengths and perspectives to immediately realign some of our portfolio manager responsibilities across the products our team manages. This will minimize disruptions, ensure continuity and best position Nuveen funds for future growth.”