Finance

The cuts are among the first under new CEO Kentaro Okuda, who since taking the reins has said an existing $1.3 billion restructuring plan is no longer enough.

Despite growing to about $1.1 trillion in AUM, senior executives made a series of bets to keep pace in a changing industry that have yet to pay off.

Trading under the ticker EFIV, the fund will exclude companies involved with tobacco-related products and weapons.

The asset manager’s culture is allegedly one in which women's careers are destined to stall and portfolio-manager ranks are reserved for white men, the lawsuit claims.

If approved, the firm would be able to issue its own ETFs, although they haven’t registered any individual funds yet.

A typical investment for Nuveen's $5.8 billion impact investing unit these days ranges from $20 million to $60 million, says its co-head.

Recognizing the elephant — and donkey — in the room can lead to a broader conversation about long-term investing

The current proposal “would lead to worse outcomes for plan participants as plan sponsors shied away from assessing ESG risks in selecting investments,” the research firm says.

There has been increased demand for havens amid a resurgence in coronavirus cases, flaring political tensions and a weaker dollar.

“No one could have envisioned what this virus was going to do to the commercial real estate space,” an expert says.