Nuveen New York Municipal Value Fund News

Nuveen Investments ceo Timothy Schwertfeger has left the firm amidst the company's search for an independent director to lead its funds, the Chicago Tribune reports.

Timothy Schwertfeger, the longtime Nuveen Investments Inc. chief who last November sold the Chicago-based investment management firm in a going-private deal to buyout firm Madison Dearborn Partners, has left the company as it sought an independent director as its new chairman.

'He has retired from the firm,' a spokeswoman confirmed late Wednesday. She called the move a 'natural progression.' It wasn't related to the firm's performance and Madison wasn't pushing for it, she said.

When the deal with Madison was announced last June, Schwertfeger said he'd step down as CEO, ceding the post to President John Amboian, but would remain chairman of the Nuveen fund board.

The Nuveen Insured New York Dividend Advantage Municipal Fund, a closed-end mutual fund from Nuveen Inc.

Nuveen Investments, a leading provider of diversified investment services, today announced the latest fund data for its 99 municipal closed-end funds is now - BOSTON-- --MFS Investment Management released today ...

Claymore Advisors LLC has appointed J. Thomas Futrell as its chief executive and Kevin M. Robinson as the chief legal officer of its exchange traded funds and nine of its closed-end funds.

Eaton Vance Corp ., the third-largest U.S. manager of closed-end funds, said fiscal second-quarter earnings more than doubled on lower sales costs and a stock market rally in April that helped increase assets ...

Nuveen Investments Inc. , the largest U.S. manager of closed-end funds, lined up initial financing to back its plan to buy out investors frozen in the auction-rate securities market.

Chicago-based Nuveen Investments Inc. said Wednesday that the firm is gaining traction in its effort to refinance billions of dollars in auction-rate securities that currently are frozen.

Nuveen Investments LLC said today that it has received a commitment of up to $1.75 billion from an unidentified major financial institution to refinance the struggling auction rate preferred securities issued ...

Two taxable closed-end funds sponsored by Nuveen Investments, Nuveen Floating Rate Income Fund and Nuveen Floating Rate Income Opportunity Fund --Diatect International Corporation , an emerging provider of ... via Business Wire

Closed-end funds may soon get regulatory permission to sell a new type of preferred stock that would finance the buyback of securities from investors who were stuck when credit markets seized up. via Bloomberg Business News

“This [mode of leverage] worked so well for so long that it became the favored way for municipal bond funds to leverage themselves”

Firm works to liquefy $15 billion worth of shares issued to boost fund yields Nuveen Investments LLC is working to liquefy $15 billion of preferred auction-rate securities issued by 100 of its closed-end funds. via InvestmentNews

BRISBANE, Australia & KARLSRUHE, Germany-- --Bruker AXS GmbH, one of the world leading manufacturers of X-ray diffraction and X-ray spectrometry equipment, and mineral analysis - 04/16/2008 - 04:05 PM HOUSTON-- ... via Business Wire

Nuveen Investments Inc., in what the Chicago firm called the first step in a previous announced plan to restructure auction-rate securities issued by Nuveen-sponsored funds, said Tuesday that four taxable closed-end funds will refinance a total of $714 million in such debt.

The complex securities helped funds boost returns for their investors. But since the credit market has locked up, buyers of the debt, who had been told the instruments were as liquid as cash, have found themselves stuck with what they thought were short-term investments. Read more

Nuveen Investments Inc. said four taxable closed-end funds lined up financing to redeem $714 million of auction-rate securities that investors have been unable to sell. via Bloomberg.com

“As the largest closed-end fund manager, it's appropriate for them to take the lead in developing some innovative solutions.”

Bloomberg News Nuveen Investments Inc., the nation's largest manager of closed-end funds, plans to bail out investors who have been stuck with as much as $4.3 billion of auction-rate securities since the market ... via Chicago Tribune

“It gives me an opportunity to express my opinion on which stock we should pick _ especially me and Sony, because I am a big fan of Sony”

Unions limit teachers, reform In a low-income black neighborhood in Chicago, children are learning to read, write, calculate and manage their stock portfolios . via Joannejacobs.com

SANTA CLARA, Calif.-- --Intel Corporation today lowered its first-quarter gross margin forecast to 54 percent, plus or minus a point, as compared to the previous forecast of 56 - 03/03/2008 - 06:17 PM CHICAGO-- ... via Business Wire

Reissuing release to add ticker symbols for searching purposes. The release reads: Nuveen Investments, a leading provider of diversified investment services, today announced the availability of information on ... via Business Wire

Nuveen Investments, a leading provider of diversified investment services, today announced its Nuveen Tradewinds Value Opportunities Fund received a 5-Star Overall Morningstar Rating . via Business Wire