What You Need to Know
- Doll, known for his annual Ten Predictions for markets, leaves at the end of March.
- He has spent 42 years in the fund industry, having worked at BlackRock, Merrill Lynch and OppenheimerFunds.
- Scott Tonneson, portfolio manager and senior research analyst at Nuveen, will assume Doll's portfolio responsibilities.
Bob Doll, Nuveen’s chief equity strategist and senior portfolio manager, is retiring, after working 42 years in the asset management industry, according to the firm.
Before Doll joined Nuveen in 2012, where he manages seven portfolios and oversees $2.5 billion in large-cap equity strategies, he was the chief equity strategist at BlackRock, the president and chief investment officer at Merrill Lynch Investment Managers and the chief investment officer of OppenheimerFunds. He leaves Nuveen at the end of the month.
Scott Tonneson, portfolio manager and senior research analyst at Nuveen who has worked with Doll as co-portfolio manager on the strategies he manages, will assume Doll’s portfolio responsibilities, according to Nuveen.
An internal memo announcing Doll’s pending retirement and first reported by Citywire indicated that the decision to leave was his own. “He feels the time is right to move to the next phase of his life. While we will miss Bob, we fully support him in this decision.”