Nuveen has launched the Global Real Estate Carbon Reduction strategy, an Article 9 fund aimed at lowering carbon emissions via investment in listed real estate, Investment Week can reveal.
The strategy is a conversion of the asset manager's existing Global Real Estate fund, which was launched in 2018 and has around $100m assets under management. The fund will be managed by Jay Rosenberg, head of public real assets, and Ben Kerl, head of listed real estate investments and portfolio manager. It sits within Nuveen's Article 9 suite, which currently hosts four other strategies: Global Core Impact Bond, US Core Impact Bond, Emerging Markets Impact Debt and Global Clean Energy Infrastructure Impact. Kerl explained the move to "evolve" the fund into a carbon reduction strat...
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