NEWARK, N.J., February 11, 2020 - PGIM Investments ended 2019 with $12.2 billion in net mutual fund flows and record mutual fund assets under management of $122.5 billion. The strong flows and record AUM growth were largely driven by demand for its fixed income funds.
NEWARK, N.J., December 11, 2019 - Are institutional investors joining the gold rush? While gold’s long-term performance is not strong compared to other assets, new PGIM research finds that under certain economic conditions—including a slowing growth environment—institutional investors are right to evaluate adding gold-related assets to a diversified portfolio. PGIM Inc. is the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
NEWARK, Nov. 18, 2019 – PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has made three hires into its Institutional Relationship Group (IRG), all reporting to Cameron Lochhead, global head of IRG.
NEWARK, N.J., October 29, 2019 - PGIM Investments has made senior-level hires across its marketing and technology functions, as well as expanded roles of two senior executives. The investment in top talent comes on the heels of 10 consecutive years of positive net flows for the retail fund shop, underscoring the firm’s ongoing commitment to serving its growing client base both in the U.S. and internationally.
NEWARK, N.J., Sept. 23, 2019 – PGIM, the global investment management business of U.S.-based Prudential Financial, Inc. (PFI) (NYSE: PRU) and one of the world’s top 10 asset managers with $1.2 trillion in assets under management as of June 30, 2019, continues to enhance its European footprint following the recent approval, by the Dutch Authority for the Financial Markets, for it to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands. The office, based in Amsterdam, acts as the AIFM for its existing Irish alternative investment fund and provides investment management, marketing and distribution services in the European Union.
NEWARK, N.J., July 26, 2018 - PGIM Investments has strengthened its relationship with financial services firm Edward Jones, joining the firm’s select group of Strategic Product Partners. PGIM Investments is the global manufacturer and fund distributor of PGIM Inc., the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
NEWARK, N.J., July 10, 2018 - Few current retirees take a new job in their golden years—but more than half of future retirees expect to continue working during retirement, driven by uncertainty about Social Security and their own financial preparedness, a new study from PGIM Investments reveals.
NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director for closed-end mutual funds Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) and Prudential Global Short Duration High Yield Fund, Inc. (NYSE: GHY) effective March 1.
NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director effective March 1 for open-end mutual funds offered by PGIM Investments, the $100 billion1 global manufacturer and fund distributor of PGIM. PGIM is the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).