WrapManager's Wealth Management Blog
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Money Manager Tradewinds Global Investors Downgraded to Review

Posted by Gabriel Burczyk | Founder & CEO
March 22, 2012

WrapManager’s Investment Policy Committee placed money manager Tradewinds Global Investors on Review status as of March 20, 2012. Chief Investment Officer, Co-President and Lead Portfolio Manager David Iben will be leaving Tradewinds on June 30, 2012, along with several key members of the Tradewinds’ portfolio team.

If you currently have Tradewinds in your portfolio or are considering Tradewinds as an investment, WrapManager’s Investment Policy Committee recommends that you request more information here and speak with one of our Wealth Strategists before making any decisions. Our Wealth Strategists will provide you will detailed information about Tradewinds’ strategies and offer alternatives given these significant personnel departures.

Mr. Iben was responsible for growing the Tradewinds 14-member team beginning in 2006. He was also portfolio manager for the Tradewinds Multi-Cap Opportunities strategy, which was one of WrapManager’s recommended money manager strategies for 2012. The strategy is now on review status. Three portfolio managers and Tradewinds’ Associate Director of Research will also be leaving Tradewinds to join Mr. Iben at Vinik Asset Management.

As a result, several Tradewinds portfolios will be losing their lead and/or co-portfolio managers. These include: Nuveen Tradewinds Value Opportunities, Nuveen Tradewinds Global All-Cap, Nuveen Tradewinds International Value, Nuveen Tradewinds Global Resources, Nuveen Tradewinds Global Flexible Allocation, and Nuveen Tradewinds Small-Mid Cap.

Tradewinds has not announced any successor to Mr. Iben. These most recent departures come on the heels of Paul Hechmer’s departure in mid-2009. Mr. Hechmer helped found Tradewinds and managed the International Value portfolio for several years.




Tradewinds NWQ Global Investors, LLC