Nuveen Preferred & Income Opportunities Fund (JPC) names Baker and Langenfeld as sole portfolio managers
Effective April 1, 2022, Doug Baker and Brenda Langenfeld will take over total responsibility for managing the fund, which is named as NYSE: JPC. Thomas Ray and Susi Budiman, who had co-managed the fund with them, will stop managing it and focus on Nuveen's Flexible Income strategy. The filing describes a leadership change in the fund's management team but does not discuss performance or fees.
- Doug Baker and Brenda Langenfeld assume total portfolio management responsibility effective April 1, 2022.
- The pair manage Nuveen's flagship Preferred Securities and Income strategy and are responsible for $8.6 billion in assets under management.
- Thomas Ray and Susi Budiman stop co-managing the fund as of April 1, 2022, and will focus on the Flexible Income strategy.