TIAA-CREF Is Cautious About Buying European Debt, Hammond Says

Brett Hammond, chief investment strategist for TIAA-CREF, said he is refraining from investing in European debt.

“We’re going to wait for some more certainty in Europe,” said Hammond, who helps oversee the New York-based pension manager’s $434 billion in assets, at the Bloomberg European Debt Briefing Conference hosted by Bloomberg Link. “TIAA-CREF has sort of been sitting on the sidelines for a while now in terms of Europe and fixed income.”