PGIM OVERVIEW

As one of the world’s leading money managers, clients rely on our risk management expertise, intellectual capital and innovative solutions to realize their investment objectives. Learn more about who we are and how we can serve you.

4Q18 HIGHLIGHTS

Consistent Positive Net Flows

Despite significant equity market declines and overall volatility

  • $14bn in third-party institutional net flows for the year
  • 16 consecutive years of institutional third-party net flows

Leveraging scale of $1+trn multi-manager model

  • PGIM Real Estate Finance – $6.3bn in 4Q18 originations with annual production of  $18bn+
  • Pricoa Capital Group – annual originations of $12bn+ globally

Globalizing our footprint

  • QMA expanded globally - Acquired London-based Wadhwani Asset Management, enhancing our systematic and alternative investment capabilities
  • European mutual fund (UCITS) expansion – platform exceeded $3bn in AUM across 28 funds
  • Record non-US net flows of $21bn+
    • 27% share of 3rd party client assets sourced from outside of the US

Diversifying products

  • Social Responsibility and Impact
    • Launched 1st Impact-Oriented Real Estate Fund
    • Launched 1st ESG Equity Fund
  • Product Launches
    • Launched 1st actively-managed ETF in 2Q18
    • Ended 4Q18 with 5 additional actively-managed ETF launches, across Equity and Fixed Income

FACTS & FIGURES

Institutional money manager2

Offices are located in 15 countries across four continents

16 consecutive years of positive third-party institutional net flows

8th largest U.S. institutional defined contribution manager2

  • 1,400+ third-party clients
  • 91 third-party clients have over $1 billion invested
  • 200+ clients for more than 20 years
  • 23 of the 25 largest corporate U.S. pension plans4
  • 158 of the largest 300 global pension funds3
  • 8 of the top 10 Fortune 500 companies5

INVESTMENT CAPABILITIES

 

Equity

  • Large Cap Growth Equity
  • Large Cap Value Equity
  • Large Cap Core Equity
  • Global, Developed, and Emerging Markets
  • Small- and Mid-Cap Equity
  • Opportunistic Equity
  • Sector Strategies
  • Regional/Country Strategies
  • Equity Indexing
  • Structural Equity
  • Fundamental and Quantitative

Fixed Income

  • U.S. Broad Market: Core Conservative, Core, Core Plus, and Absolute Return
  • U.S., European, and Global Investment-Grade Corporate
  • Country Strategies
  • Global Leveraged Finance
  • Global and Emerging Market Debt
  • Municipal Bonds
  • Short, Intermediate, and Long Duration
  • Liability-Driven Investing
  • Privately Placed Debt
  • Commercial Mortgages
  • Agricultural Debt

Real Estate

  • Core, Value Add, and Opportunistic
  • U.S., Europe, Latin America, Middle East, and Asia
  • Global Real Estate Securities
  • U.S. and European Real Estate Debt
  • Commercial Mortgages

Alternatives/Multi-Asset Class

  • Long/Short Fixed Income
  • EM Relative Value
  • CLOs
  • Bank Loans
  • Mezzanine
  • GTAA
  • Equity Long/Short
  • Market Neutral
  • Asset Allocation
  • Portfolio Advisory

OUR INVESTMENT PROFESSIONALS

 

More Than 1,250

Investment Professionals

More Than 100 Traders

And Other Investment
Professionals

More Than 300

Portfolio Managers / Senior Executives

23 Years

Average Portfolio Manager’s Experience

More Than 700

Permanent / Rotational Analysts

15 Years

Average Portfolio Manager’s Tenure

 

AWARDS & RECOGNITION


 

IPE REAL ESTATE

October 2017

2nd Largest Global Real Estate Manageri

PGIM

P&I REAL ESTATE MANAGER SURVEY

October 2016

3rd Largest Money Manager of Worldwide Institutional Real Estate Assetsii

PGIM

EUROPEAN PENSION AWARDS

Fixed Income Manager of the Yeariii

PGIM Fixed Income 

ASIANINVESTOR ASSET MANAGEMENT

October 2016

Global Fixed Income (Unhedged) and EM Debtiv

PGIM Fixed Income

FANNIE MAE

DUS Innovation Partner of the Year

PGIM Real Estate Finance

P&I’s REAL ESTATE MANAGER SURVEY

September 2016

Top Money Manager of Worldwide Institutional Real Estate Assetsv

PGIM 

COMMERCIAL PROPERTY EXECUTIVE

September 2016

2018 Top 10 Mortgage Banking Firmsvi

PGIM Real Estate Finance

EUROPEAN PENSIONS AWARDS

May 2016

Emerging Market Manager of the Year

PGIM Fixed Income

CREDITFLUX AWARDSvii

Manager of the Year
Best European CLO Manager
Best European CLO – for Dryden 35 Euro

PGIM Fixed Income

INVESTMENTS & PENSIONS EUROPE

#1 Top 10 Assets in Investment Grade Strategies

Investment Grade Credit Manager Survey
PGIM Fixed Income

INFORMA INVESTMENT SOLUTIONS
PSN MANAGER DATABASE

August 2016

PSN Top Gun Status for 11 productsviii

QMA

Sources of data (unless otherwise noted) are as of 12/31/18.

  1. Strategic Insight/Simfund data as of 9/30/18.
  2. Pensions & Investments’ Top Money Managers list, 5/28/18; based on PFI total worldwide assets under management as of 12/31/17.
  3. Based on PGIM client list as of 12/31/18 compared to P&I/Towers Watson Top 300 Pension Funds ranking, data as of 12/31/17, published 9/18. 
  4. Based on U.S. Plan Sponsor rankings in Pensions & Investments as of 9/30/17, published 2/18. 
  5. Based on PGIM client list as of 12/31/18 compared to CNN Money, Fortune 500 list 2018 annual ranking of America’s largest corporations published 6/18.

AWARDS & RECOGNITIONS FOOTNOTES

  1. €111,502 AUM measured as of 30/06/18. Represents the combined assets of PGIM Real Estate and PGIM Real Estate Finance, two business units within PGIM, Inc. that provide real estate investment management and commercial mortgage loan services respectively, through PGIM, Inc. and some of its global subsidiaries.
  2. Based on rankings from Pensions & Investments’ Real Estate Managers Report, 10/17/18.
  3. Award judges are chosen from a cross-section of the pension and asset management businesses (pension funds/trustees, consultants, asset managers, providers, etc.). Potentially conflicted judges cannot evaluate their own category, i.e., an asset manager cannot evaluate another asset manager. Judges assess a specific set of criteria for each category, including both quantitative measures and qualitative considerations provided in each firm’s submitted strategy. A shortlist is published for each category followed by an announcement of the winning candidate.
  4. AsianInvestor (AI) assessed performance  through year-end 2017 from the Mercer and eVestment databases to ascertain the leading performers by total and risk-adjusted returns, Sharpe ratios, and information ratios with an emphasis on 3-and 5-year returns. AI short-listed two to three performers and asked the candidates for more data and background, including resources and strategies pursued to enhance returns. AI selected winners based on the combined quantitative and qualitative factors. Firms that demonstrate consistent performance may have an edge.AI also values client testimonials.
  5. Based on rankings from Pensions & Investments’ Real Estate Managers Report, 10/16/17.
  6. 2018 CPE-MHN Top Mortgage Banking Firms survey
  7. Creditflux Manager of the Year 2017 methodology is based on the highest average ranking across all Creditflux award categories where the manager is present. Creditflux Best European CLO award methodology is based on blended outperformance. Creditflux Best European high yield fund methodology is based on volatility-adjusted weighted performance.  More information on the methodology can be found on Creditflux’s website (www.creditflux.com).
  8. Products were among the top 10 performers within one or more peer groups reporting to PSN, the longest-running investment manager database in North America. PSN Top Guns performance rankings are tabulated for thousands of strategies across 58 peer groups subdivided by increasingly rigorous screens and reported in ascending classes from 1-6 stars.