Nuveen Chief Equity Strategist and Senior Portfolio Manager Bob Doll, known for his bullish outlooks and annual list of 10 market predictions, is retiring this month after nearly a decade at the firm, according to a company spokesperson.
Doll’s team manages $2.5 billion in assets under management across a number of large-cap strategies. His portfolio management duties will be split among Scott Tonneson, portfolio manager and senior research analyst, David Chalupnik, head of U.S. active equities portfolio management, and David Park, portfolio manager. Tonneson has worked with Doll for the last nine years, serving as a co-portfolio manager on the same strategies.
Chalupnik and Park will manage the Nuveen Large Cap Core Fund and Concentrated Core, Stable Growth & Stable Growth Balanced separately managed accounts. Chalupnik and Tonneson will also be named portfolio managers on the Nuveen Equity Long/Short and Nuveen Equity Market Neutral funds as well as associated separately managed accounts.
Doll has had a long career in the asset management business. Before he was hired by Nuveen in 2012, he was chief equity strategist at BlackRock. He’s also served as president and chief investment officer at Merrill Lynch Investment Managers and chief investment officer of Oppenheimer Funds.
Nuveen’s equity platform, led by Saira Malik, chief investment officer and head of Nuveen global equities, has more than $415 billion in assets in strategies across market capitalization, style and geographies.