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Administration May 5, 2004
Nuveen Announces Acquisition
May 29, 2002 (PLANSPONSOR.com) - The Chicago-based
John Nuveen Company has acquired NWQ Investment Management,
an asset management firm based in Los Angeles with over $7
billion in assets under management.
Reported by Nicole Halsey
NWQ specializes in value-oriented equity investments for institutions and financial advisors serving high net worth investors.
As a condition of the acquisition, asset management
affiliates of Old Mutual, NWQ’s former owner, will
sub-advise products sponsored and distributed by
Nuveen.