Watch breaking news videos and read news updates about Prudential Financial on pionline.com
Prudential changing money manager's name to reflect global focus
truePrudential Investment Management is getting a new name. The Newark, N.J.-based investment management business of Prudential Financial Inc. plans to change its name to PGIM Inc., effective Jan. 4.
Core real estate managers adding a little risk to portfolios to bolster returns
trueCore real estate isn't what it used to be — it's a bit riskier. Investors expect core funds to be portfolios of very stable, low-risk real estate, but core properties have become very expensive. So managers are taking advantage of provisions in their fund documents allowing them to add riskier ...
Prudential to buy Deutsche Bank's India asset management business
truePrudential Investment Management has agreed to acquire Deutsche Bank’s India asset management business through its Mumbai-based affiliate.
Shelby County moves to Prudential for 457 plan
trueShelby County Deferred Compensation Plan hired Prudential Financial as bundled provider.
Prudential Fixed Income's global leveraged finance co-head to retire
truePaul Appleby, managing director and co-head of Prudential Fixed Income's global leveraged finance team, plans to retire in January.
Iowa PERS taps TCW, Prudential Fixed Income to replace $1.2 billion PIMCO portfolio
trueIowa Public Employees’ Retirement System hired TCW Group and Prudential Fixed Income as active core-plus fixed-income managers.
Prudential board adopts proxy access; NYC systems withdraw 2 proposals
truePrudential Financial Inc.‘s board of directors adopted proxy access, enabling shareholders to nominate candidates starting next year.
Prudential Retirement appoints pension risk transfer business team leader
trueScott Kaplan was named senior vice president and head of the pension risk transfer business team at Prudential Retirement, a unit of Prudential Financial.
Prudential Financial appoints successor to head strategic solutions group
trueSylvia Pozezanac was named senior managing director at Prudential Financial and head of the strategic solutions group, said Prudential spokeswoman Linda Fung.
BlackRock, TCW, others gaining from PIMCO turmoil
trueBlackRock, TCW, Vanguard, Baird Advisors and DoubleLine saw the largest inflows to their bond mutual funds in October, following William H. Gross' departure from PIMCO on Sept. 26, Morningstar Inc. reported.
Ohio Bureau of Workers' Compensation gives $3 billion to 4 bond managers
trueOhio Bureau of Workers' Compensation hired J.P. Morgan Asset Management, Loomis Sayles & Co., Prudential Financial and TCW Group to run about $725 million each in active domestic core-plus fixed income for the $24 billion state insurance fund.
Prudential adds real estate portfolio manager in realignment
trueJames Glen joined Prudential Real Estate Investors as a principal and portfolio manager for its core U.S. real estate fund.
Schlachter to head up new Prudential multiasset unit
trueMichael Schlachter joined Prudential Investment Management as managing director, multiasset-class solutions, to head a new team designed to address portfolio challenges by institutional investors.
Integra chooses Prudential as record keeper
trueIntegra Inc. hired Prudential Financial as record keeper of its $65 million 401(k) plan.
Prudential Fixed Income appoints structured products managing director
trueJohn Vibert was named managing director, structured products, at Prudential Fixed Income.