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.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.