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Prudential Real Estate Investors names new CEO
trueEric Adler was named CEO of Prudential Real Estate Investors, effective in September.
San Francisco staff backs Prudential, Galliard for 457 plan posts
trueSan Francisco City & County Employees' Retirement System staff has recommended the system hire Prudential Financial as third-party administrator and Galliard Capital Management as stable value manager for its $2.4 billion 457 plan.
Hawaii Deferred Comp taps Prudential for administration
trueHawaii Deferred Compensation Fund, Honolulu, hired Prudential Financial as third-party administrator for its $1.5 billion 457 plan.
QMA raises equity allocations on strong GDP growth forecast
trueQuantitative Management Associates LLC, a unit of Prudential Financial Inc., is raising the weighting of its U.S. equity allocation in its portfolios to as much as 70%, boosted by a forecast of a rapidly accelerating GDP that could lead the Standard & Poor's 500 to rise 12% in total return next ...
Prudential adds VP for institutional retirement plans
trueJohn Byrne was named vice president of institutional retirement plans at Prudential Retirement.
Prudential's Marcks applies lessons from dad
truePrudential Retirement's Christine Marcks used lessons from her father's drugstore to help others navigate the confusion of retirement.
Pramerica adds U.K. client director
trueSimon Males was appointed as managing director of institutional client relations U.K. at Pramerica Fixed Income, the fixed-income money management unit of Prudential Financial.
Does Pru's hiring of Davis signal regulatory changes for stable value?
trueERISA lawyers say recruitment of Michael Davis suggests Prudential could be prepping for new QDIA rules.
EBSA's second-in-command joins Prudential Retirement as stable value chief
trueMichael L. Davis, deputy assistant Labor secretary for the Employee Benefits Security Administration, left the agency to become senior vice president and head of stable value at Prudential Retirement.
Some offices still unusable after superstorm Sandy slams East
trueTwo weeks after Hurricane Sandy ravaged swaths of New York, New Jersey and Connecticut, a number of money management firms still are waiting for their offices to be reopened.
Managers keeping close eye on new storm
trueMoney managers from New Jersey to Maine are watching closely as the nasty Nor'easter swirls closer to the East Coast.
Ohio Public Employees DC hires Pru, RGA for wraps - Pensions & Investments
trueOhio Public Employees Deferred Compensation Program, Columbus, hired Prudential Financial and Reinsurance Group of America as wrap providers for its stable value fund.
Verizon to close DB plan to new union employees along with buyout
trueVerizon Communications Inc., New York, will close its defined benefit plans for union employees to new hires and place them exclusively in the company's 401(k) plan, as part of tentative contracts with the Communication Workers of America and International Brotherhood of Electrical Workers unions.
Mixed opinions on GM's plan to transfer $29 billion to Prudential
trueGeneral Motors Co. plans to transfer $29 billion in assets from its pension plan to Prudential Financial Inc.'s insurance unit to fund the automaker's annuitization proposal — the largest such transaction among corporate pension sponsors.
Prudential Fixed Income adds 2 economists
trueGerwin Bell joined Prudential Fixed Income as a principal and lead economist for Asia, while Giancarlo Perasso has joined as a principal and lead economist for emerging Europe, the Middle East and Africa.