|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Baron Funds Comments on Windy City Investment Holdings (Formerly Nuveen Investments)
Posted by: guruhl (IP Logged)
Date: November 22, 2013 11:22AM
Windy City Investment Holdings, L.L.C. , formerly known as Nuveen Investments (NQM), is an asset management firm. Windy City is not traded publicly; we value it using a model and public market comparables. Multiples in the company's comparable peer group declined during the quarter, and we marked down our investment in Windy City accordingly. Windy City's asset levels are nearly unchanged since the beginning of the year, as management turnover and poor performing credit-based assets hindered growth. (Michael Baron)
From Ron Baron’s Baron Funds third quarter 2013 letter.
Guru Discussed: Ron Baron: Current Portfolio, Stock Picks
Stocks Discussed: NQM,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.