The TIAA-CREF family of companies, which includes one of the
largest retirement
systems in the world, collectively manages over $250 billion in
assets. TIAA was
founded in 1918 through a grant from Andrew Carnegie and is
currently the third largest
life insurance company in the United States. CREF, the nation’s
first and
largest variable annuity, was formed in 1952.
Today,TIAA-CREF is the retirement plan
of choice for more than two million faculty
and staff at over 10,000 colleges, universities, elementary and
secondary schools,
teaching hospitals, and research institutions. In addition,
TIAA-CREF and its subsidiaries
offer mutual funds, after-tax (nonqualified) annuities, IRAs,
tuition savings
programs, insurance products, individualized asset management, and
trust services to
people outside the education and research community. These new
products have met
with a highly favorable response from individuals as well as the
financial press.
We believe we owe much of our success to
our investment strategy. In this overview,
we’ll outline the philosophy that informs our investment decisions
and describe how
our approach sets us apart from other financial services
organizations. In the process,
you’ll discover why so many of the best-educated people in America
entrust their
futures to TIAA-CREF.
Franklin
Pierce University
