With just shy of $1 trillion in assets under management, the Teachers Insurance and Annuity Association saw its profits soar 48.7% in 2018. That significant jump comes despite some colleges finding other managers for their employee retirement accounts, after TIAA raised fees on some of its most popular funds. It also expanded into the healthcare equipment business, buying General Electric’s $1.5 billion healthcare equipment finance portfolio, which includes loans and leases to around 1,100 hospitals, as well as 3,600 physician practices and diagnostic and imaging centers across the United States. The company also broadened its name awareness, as the home of the NFL’s Jacksonville Jaguars was renamed TIAA Bank Field.
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