Symphony Asset Management Awarded $75 Million Bank Loan Mandate from Municipal Employees Annuity & Benefit Fund of Chicago

CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, announced its Symphony Asset Management investment unit has been selected by the Municipal Employees Annuity & Benefit Fund of Chicago to manage $75 million of the plan’s assets. Symphony, a leader in the senior loan asset class, will employ its Senior Loan strategy in managing the Chicago Municipal Employees’ mandate.

Commenting on being selected for the strategy, Symphony Asset Management Chief Investment Officer, Gunther Stein said, “We are very pleased the Municipal Employees Annuity & Benefit Fund of Chicago has selected our team to manage their plan’s senior loan assets. We are keenly attuned to the long-term opportunities and risks this category can present and, as a result, we look forward to bringing our team’s expertise to the Municipal Employees Annuity & Benefit Fund of Chicago.”

Symphony manages portfolios for public and private pension funds, endowments, and high net-worth individuals. Since its founding in 1994, Symphony has built an investment platform to provide clients access to senior loans, high yield bonds, convertible bonds and equity through hedge funds, long-only strategies and structured products. A recognized leader in the senior loan asset class, as of September 30, 2009, Symphony managed more than $5.0 billion in senior loan assets. Supported by a team of 17 investment professionals, Symphony’s three dedicated senior loan closed-end funds have consistently ranked highly within their Lipper peer group.

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $128 billion of assets on June 30, 2009.

No statement of client experience or endorsement is made herein.

MEDIA CONTACT:
Nuveen Investments
Kathleen Cardoza
312-917-7813
kathleen.cardoza@nuveen.com