Nuveen's Scott Romans appointed manager of 12 New York muni funds

By Toni Weeks

San Diego, Feb. 11 - Nuveen Investments updated the portfolio management for its municipal funds, according to a press release.

Scott Romans will replace Cathryn Steeves as the new manager for the following Nuveen New York municipal funds: Performance Plus Municipal Fund, Inc., Dividend Advantage Municipal Fund, Dividend Advantage Municipal Fund 2, Investment Quality Municipal Fund, Inc., Select Quality Municipal Fund, Inc., Quality Income Municipal Fund, Inc., Premium Income Municipal Fund, Inc., Dividend Advantage Municipal Fund, Tax-Free Advantage Municipal Fund, Municipal Value Fund, Inc., Select Tax-Free Income Portfolio and Municipal Value Fund 2.

Romans was previously a portfolio manager for Nuveen Asset Management for closed- and open-ended municipal bond funds covering California and other western states. He joined Nuveen in 2000 as a senior analyst in the education sector before moving to portfolio management in 2003.

After earning his undergraduate degree from the University of Pennsylvania, Romans earned a master of science degree in finance from Illinois Institute of Technology and a master's and doctorate degree from the University of Chicago.

Nuveen is an investment management firm based in Chicago.

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