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Coast beefs up institutional sales effort with Nuveen hire

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Coast Asset Management is beefing up its pitch to institutional investors with a new recruit and the promotion of an executive to help with the effort. The Santa Monica, Calif.-based multi-strategy firm, which has $5 billion in assets, is hoping to attract institutional money from the U.S. and Canada through the move.

Coast named Timothy H. Holmes, 47, as a new managing director and head of institutional marketing and investor relations for North America. He previously served as a senior business development and product manager with Nuveen Investments, a Chicago-based mutual fund company with $152 billion in assets under