Nuveen Announces Update to Portfolio Management Team
03 Settembre 2019 - 3:00PM
Business Wire
The Nuveen Credit Strategies Income Fund (NYSE: JQC) has updated
its portfolio management team. Effective immediately, Bernard Wong
is co-portfolio manager, along with current co-portfolio managers
Scott Caraher and Jenny Rhee. The fund’s investment objectives,
strategies and management philosophy remain unchanged. The capital
return program implemented by the fund at the beginning of the year
also is not affected by the change to the portfolio management
team.
The appointment of Wong as co-portfolio manager follows the
decision by co-portfolio manager Sutanto Widjaja to leave Symphony
Asset Management, which sub-advises JQC on behalf of Nuveen, to
pursue his ambition of opening a multi-family investment office.
Widjaja’s new venture in no way competes with Symphony or Nuveen.
He will remain at the firm through September to support his
colleagues through the transition but has relinquished his
co-portfolio manager role on JQC and holds no other portfolio
manager role. The other co-portfolio managers, Caraher and Rhee,
also serve as Symphony’s co-heads of investments and also lead
loans and high yield, respectively.
Wong is a senior investment analyst at Symphony who has been at
the firm since 2005 and worked closely with Widjaja on JQC since
2012, giving him deep familiarity with the portfolio and ensuring
the continuity of the investment strategy. Wong will continue to
participate in Symphony’s Investment Committee alongside other
portfolio managers and contributing analysts.
Wong’s bio follows.
Bernard Wong, co-portfolio manager at Symphony Asset Management,
is a member of the firm’s investment team, and his responsibilities
include portfolio management for JQC as well as fundamental
research focusing on the retail sector. Prior to joining Symphony
in 2005, he was an analyst at KBC Alternative Investment Management
in its long-short credit group. Before that Wong was a finance
manager at Gap Inc. and an associate in the Leveraged Finance group
at Lehman Brothers. He received an MBA from the University of
Chicago and a BS in business administration from the Haas School of
Business at University of California, Berkeley. He is also a
Certified Public Accountant and a CFA Charterholder.
For more information, please visit Nuveen’s CEF homepage
www.nuveen.com/closed-end-funds.
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive
range of outcome-focused investment solutions designed to secure
the long-term financial goals of institutional and individual
investors. Nuveen has over $1 trillion in assets under management
as of 30 June 2019 and operations in 23 countries. Its affiliates
offer deep expertise across a comprehensive range of traditional
and alternative investments through a wide array of vehicles and
customized strategies. For more information, please visit
www.nuveen.com.
CFA and Chartered Financial Analysts are trademarks owned by the
CFA Institute.
Nuveen Securities, LLC, member FINRA and SIPC.
The information contained on the Nuveen website is not a part of
this press release.
EPS-940182PR-E0819
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