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Thursday, August 1, 2002

Nuveen Finishes NWQ Purchase

by: Sean Hanna, Editor in Chief

John Nuveen Company today has completed its acquisition of value-focused NWQ Investment Management. The deal brings approximately $7.0 billion of assets under management.

"We believe NWQ's proven investment capabilities and relationships will help Nuveen Investments continue to grow as a premier investment management firm." said Tim Schwertfeger, Nuveen's chairman and chief executive officer. "Together we offer all of the core elements of a well-constructed investment portfolio to help advisors and investors stay confident through all market cycles." 

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