Tradewinds
About Tradewinds NWQ Global Investors
Tradewinds NWQ Global Investors (Tradewinds) is an independently-managed subsidiary of US investment firm Nuveen Investments, which was established 1898. Nuveen is wholly owned by US private equity investment firm Madison Dearborn Partners, LLC, established in 1992.
Funds managed
- Advance Tradewinds Global Equities Fund (closed to new investors)
- Advance International Shares Multi-Blend Fund (with other managers)
Key personnel
David B. Iben – CFA CIO, Co-President, Executive Managing Director, Portfolio Manager Advance Tradewinds Global Equities Fund
Tradewinds' Chief Investment Officer David Iben directs the firm's equity and fixed income investment activity, including portfolio management, research, trading, and risk management.
In addition to serving as the lead portfolio manager of several of the firm's strategies, David is a member of the Tradewinds executive committee. As CIO, he also chairs the investment oversight committee. David helped launch the Tradewinds international investment platform after six years at NWQ. He was previously chief executive officer, lead portfolio manager, and founding member of Palladian Capital Management and, prior to that, senior portfolio manager at Cramblit & Carney.
David began his career with Farmers Group Inc. where over the course of 14 years he served as senior analyst, lead portfolio manager, and director of research for both equity and fixed income strategies. At the time of his departure in 1996, David was acting as Farmers' chief investment officer responsible for $16 billion of investable assets.
David received a bachelor's degree in economics from the University of California, and an MBA from USC Marshall School of Business. He earned the chartered financial analyst designation in 1984 and is a member of CFA Institute and CFA Society of Los Angeles.
Why Advance selected Tradewinds
Tradewinds is a concentrated, benchmark-unconstrained manager that focuses on undervalued stocks with strong or impressive franchise quality. Its bottom-up stock selection process is built on robust quantitative screening supported by fundamental analysis.
The Tradewinds process relies heavily on the judgement of its investment professionals, utilising different forms of valuation and cash flow analysis. The team has a strong focus on understanding the drivers of sectors and industries, and the portfolio can have substantial sector and country exposures.
Tradewinds views risk management in an absolute rather than benchmark-focused way, although sector and country exposures are monitored to ensure diversification.
