Tradewinds Blows Off All Cap Fund

Tradewinds Global Investors, a subsidiary of Nuveen Investments, is throwing in the towel on its Global All-Cap Plus Fund. The $51 million fund will be liquidated on May 23, according to a filing.

The firm's CIO and co-president David Iben, who left earlier this month to join hedge fund Vinik Asset Management, managed the fund since December 2008 using a 130/30 strategy. Emily Alejos and Drew Thelen will assume investment leadership and oversight, serving as co-CIOs of Tradewinds.

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