New Nuveen

Santa Barbara Asset Management will be directing a new small-to-mid-cap mutual fund for Nuveen Investments of Chicago. The Nuveen Santa Barbara Growth Opportunities Fund invests in companies it believes have growth potential, focusing on such factors as new management, companies with a potential for acquisition, those that provide higher dividends, and “fallen angels” that the manager believes are near turnaround, according to a statement by Nuveen spokesperson Kathleen Cardoza. Nuveen manages $20 billion in 50 mutual funds and $172 billion in total assets under brand names including NWQ, Tradewinds, Rittenhouse and Symphony, in addition to Santa Barbara.