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Biography

Alfred LermanAlfredLerman

Chief Investment OfficerPGIM Multi-Asset Solutions

Contact Info

Alfred Lerman

Contact Info

Alfred Lerman

Alfred Lerman, FSA, CFA, MAAA, is Chief Investment Officer for PGIM Multi-Asset Solutions, which leverages PGIM’s public and private markets expertise to develop and implement sophisticated asset-liability management and asset allocation strategies for insurance clients and other institutional investors.

Before assuming his current role, Mr. Lerman was Chief Portfolio Strategist for the U.S. Businesses of Prudential Financial Inc. (PFI), responsible for asset and liability management, including strategic asset allocation and large-scale portfolio initiatives across Individual Annuities, Retirement, Individual Life and Group Insurance, and was a member of the Financial Risk Committees for each of the U.S. Businesses.

When he first joined PFI in 2008, Mr. Lerman established and led the chief investment office’s Investment Analytics team, responsible for quantitative modeling and asset optimization in support of portfolio management activities. Later, as Managing Director and Head of the Portfolio Strategy Group, he implemented cross-portfolio investment initiatives for PFI's general account, monitored risk exposures, established investment benchmarks, developed attribution frameworks and supported market assumption research. In 2019, Mr. Lerman became Chief Investment Officer for PFI's Individual Life and Annuity businesses and was responsible for asset-liability management, portfolio construction and tactical and strategic asset allocation.

Prior to joining PFI, Mr. Lerman was Senior Vice President in the Pension and Insurance Solutions Group at Lehman Brothers and Executive Director in Global Capital Markets at Morgan Stanley. 

Mr. Lerman graduated summa cum laude from Polytechnic University in 1996 with a BS in mathematics and earned his MBA from Columbia Business School. Mr. Lerman is a Fellow of the Society of Actuaries and holds the Chartered Financial Analyst (CFA) designation.

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For Professional Investors only.* All investments involve risk, including the possible loss of capital.

This material is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation in respect of any products or services to any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile or residence. PGIM is the principal asset management business of Prudential Financial, Inc. and a trading name of PGIM, Inc. and its global subsidiaries. PGIM, Inc. is a registered investment adviser with the U.S. Securities and Exchange Commission (“SEC”). Registration with the SEC does not imply a certain level of skill or training.

The information on this website is not intended as investment advice and is not a recommendation about managing or investing your retirement savings. In making the information available on this website, PGIM, Inc. and its affiliates are not acting as your fiduciary.    

In the United Kingdom, this website may be issued by PGIM Private Alternatives (UK) Limited or PGIM Private Capital Limited.  In the European Economic Area (“EEA”), this website may be issued by PGIM Private Capital (Ireland) Limited or PGIM Luxembourg S.A. or PGIM Real Estate Germany AG.

PGIM, Inc. has its headquarters at 655 Broad Street, Newark, NJ 07102. PGIM Private Capital (Ireland) Limited has its registered office at IDA Business Park, Letterkenny, Co. Donegal, F92 FP83, Ireland. PGIM Private Capital (Ireland) Limited is authorised and regulated by the Central Bank of Ireland and registered in Ireland under company number 635793 operating on the basis of a European passport. PGIM Limited and PGIM Private Alternatives (UK) Limited have their registered offices at Grand Buildings, 1-3 Strand, Trafalgar Square, London WC2N 5HR. PGIM Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) of the United Kingdom (Firm Reference Number: 193418). PGIM Private Alternatives (UK) Limited is authorised and regulated by the FCA of the United Kingdom (Firm Reference Number: 181389). PGIM Private Capital Limited has its registered address at 1 London Bridge, London SE1 9BG and is authorised and regulated by the FCA of the United Kingdom (Firm Reference Number: 172071). PGIM Luxembourg S.A., Netherlands Branch is registered with the Netherlands Chamber of Commerce under number 85998877 and has its local offices at Gustav Mahlerlaan 1212, 1088LA Amsterdam, The Netherlands. PGIM Luxembourg S.A. has its registered address at 2 Boulevard de la Foire, L-1528 Luxembourg and is authorised and regulated by the Commission de Surveillance du Secteur Financier (“CSSF”) in Luxembourg (registration number A00001218). PGIM Real Estate Germany AG has its registered address at Wittelsbacher Platz 1, 80333 Munchen, Germany and is authorised and regulated by Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”) in Germany (registration number 10138142).

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