PGIM Expands Global Investment Reach with Diverse Business Units

PGIM has a significant presence in the global investment market, with a diverse range of business units that cater to various investor needs.

PGIM Investments is a leading provider of actively managed investment products, offering a wide range of equity, fixed income, and alternative strategies.

PGIM Fixed Income has a long history of providing fixed income solutions to institutional and individual investors.

PGIM Real Estate is a major player in the global real estate investment market, with a focus on providing innovative real estate solutions to investors.

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PGIM is a global investment management business with a rich history dating back to 1928, when it was founded as the investment management arm of Prudential.

PGIM is a business of Prudential Financial, Inc. (PFI), a multinational financial services company.

PGIM has over $1.4 trillion in assets under management, making it one of the largest investment managers in the world.

PGIM's history dates back to 1875 with the founding of its parent company, Prudential Financial.

The company has grown significantly over the years, with PGIM now being one of the 10 largest asset managers in the world.

Today, PGIM has more than 1,100 investment professionals working across 31 offices, showcasing its global reach and expertise.

The firm is headquartered in the Prudential Tower in Newark, New Jersey, which houses approximately 3,000 employees from various investment management divisions.

PGIM Investments, the retail distribution division, offers investment advisory services for investments, assets, and portfolio management.

In January 2016, Prudential Investment Management changed its name to PGIM. This move was intended to unify the brand as the firm expanded its global reach.

The name change was necessary because Prudential plc, a UK-based insurer, retained the rights to the Prudential name outside of the United States.

PGIM is committed to sustainability, as evident from its involvement in various initiatives.

The firm is a founding partner of Bloomberg Green, a newsletter focused on climate change news, analysis, and solutions.

PGIM Fixed Income, QMA, and PGIM Real Estate are signatories of the UN Principles for Responsible Investment.

The Prudential Tower, PGIM's headquarters, is LEED Gold certified.

It features a rainwater retention irrigation system, a rooftop garden, and walking track, two living green walls, and a parking garage outfitted with electric car charging stations.

PGIM Real Estate has committed to reducing the operational carbon emissions of its global portfolio of managed properties to net zero by 2050.

PGIM's investment strategies are designed to help investors achieve their long-term goals.

One of the key strategies is to focus on active management, where experienced investment professionals actively select securities to create a diversified portfolio.

PGIM's investment teams use a combination of fundamental and quantitative research to identify opportunities and manage risk.

Their approach is based on a thorough understanding of the market and a commitment to transparency and accountability.

PGIM's investment strategies can be tailored to meet the specific needs of individual investors, including those seeking growth, income, or capital preservation.

Their investment products range from equity and fixed income to alternative investments and multi-asset solutions.

By combining expertise, technology, and a disciplined investment process, PGIM aims to deliver consistent and predictable returns for its clients.

Their investment strategies are guided by a set of core principles, including a focus on long-term value creation and a commitment to responsible investing.

PGIM has a significant presence outside the US, with a business unit called PGIM Global Partners that was established in 1998. This unit operates asset management companies outside the US.

PGIM Global Partners has a substantial asset base, with assets valued at $96 billion as of March 2020.

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Private Capital is a significant business unit that focuses on managing private placements and mezzanine debt.

PGIM Private Capital manages a substantial portfolio of $101 billion in private placements and mezzanine debt as of December 31, 2020.

This expertise allows them to provide tailored solutions for investors seeking unique investment opportunities.

Their experience and knowledge in this area are built on a foundation of trust and understanding of the complex needs of private capital investors.

With a strong track record and significant assets under management, PGIM Private Capital is a trusted name in the industry.

Jennison Associates is the fundamental equity investment arm of PGIM, founded in 1969.

The firm has a significant presence in the investment world, with $194 billion in assets under management as of April 2024.

Jennison has offices in two major cities: New York and Boston.

About 30% of its total assets under management are invested in non-equity securities, specifically in active fixed income.

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PGIM Global Partners is a key player in the asset management industry. It was established in 1998.

Operating outside the US, PGIM Global Partners has a significant presence globally. As of March 2020, the company's assets were valued at $96 billion.

PGIM offers a range of products and services to help individuals and institutions achieve their financial goals.

PGIM's investment management capabilities span a wide range of asset classes, including equities, fixed income, and alternatives.

PGIM's clients benefit from the expertise of over 2,000 investment professionals globally, who work together to deliver tailored investment solutions.

PGIM offers a range of Exchange-Traded Funds (ETFs) that can help you diversify your investment portfolio.

The PGIM Ultra Short Bond ETF has a 5-Year Category Rank of 8, making it a solid choice for investors looking for a low-risk option.

PGIM Active High Yield Bond ETF has a 5-Year Category Rank of 24, indicating that it may not be the top performer in its category, but it still has its place in a diversified portfolio.

PGIM Active Aggregate Bond ETF and PGIM Total Return Bond ETF are both missing a 5-Year Category Rank, making it difficult to assess their performance.

Here's a brief overview of PGIM's ETF offerings:

PGIM Quantitative Solutions, a subsidiary of PGIM, has $120 billion in assets under management as of December 31, 2020.

The firm uses factor investing in its quantitative process, drawing attention to its approaches to behavioral bias and momentum investing.

PGIM Quantitative Solutions was founded in 1975 and has since developed innovative solutions, such as Target Date glidepaths and Prudential's Day One Target Date Funds for retirement investors.

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In 2016, QMA developed Target Date glidepaths, a significant milestone in the company's history.

PGIM Quantitative Solutions is headquartered in Newark, NJ, with locations in San Francisco, CA and London.

The firm has expanded its services through acquisitions, such as the 2019 merger with Wadhwani Asset Management, creating QMA Wadhwani LLP.

PGIM's financials are impressive, with a history dating back to 1928. The company has grown significantly over the years, with assets under management reaching $1.4 trillion as of 2022.

PGIM's strong financials are a result of its diversified investment portfolio, which includes a wide range of asset classes and strategies. This diversification has helped the company navigate market fluctuations and achieve steady growth.

The company's financial performance is also reflected in its revenue, which has consistently increased over the years, from $2.3 billion in 2018 to $4.4 billion in 2022.

PGIM's Parent Rating is Above Average, despite some leadership transitions. Amidst these changes, the firm's efforts at orderly succession planning hit a snag with the unexpected departure of Eric Adler, head of PGIM Private Alternatives.

David Hunt, president and CEO, plans to retire in mid-2025 and will be succeeded by Jacques Chappuis, who has extensive expertise in alternatives and distribution. Chappuis previously served as co-head of Morgan Stanley Investment Management.

PGIM's fixed-income and growth-equity managers are top-notch and inspire confidence. The firm's diversified fund lineup consists of products managed by its subsidiaries, including PGIM Fixed Income and Jennison Associates.

Jennison Associates is impressive, but it hasn't been immune to investor exodus from active equity mutual funds in recent years. PGIM Quantitative Solutions recently wrapped up a restructuring in the wake of weak results.

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Let's take a closer look at the asset under management (AUM) numbers for different classes and strategies. Multi-asset funds have a whopping $82 billion in AUM.

The largest AUM is actually found in fixed income, with a staggering $832 billion. This is a significant chunk of the overall financial landscape.

Here's a breakdown of AUM by class/strategy:

These numbers give us a sense of the scale and diversity of the financial industry.