Symphony, founded in 1994, manages more than $4 billion in both equity and fixed-income portfolios using market-neutral and other investment strategies focused on reducing risk. Symphony is currently co-owned by
In its statement, Nuveen said that it expects to offer Symphony-designed products to its high net worth clients and offer Symphony services to the financial advisers it sells through.
Nuveen Investments, the asset management division of John Nuveen, currently manages $71 billion in assets for predominantly affluent clients through mutual funds, separately managed accounts, exchange traded funds and defined portfolios.