TIAA-CREF Eyes Endowment Management Business

May 17, 2010

TIAA-CREF is about to announce a major expansion into the endowment management business and has been recruiting money managers from colleges and universities as it prepares to launch, Bloomberg reported. Goldman Sachs is also planning an expanded focus on the market -- and these companies' interest comes at a time of considerable movement about endowment managers at colleges, the article said.

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