At PGIM, we see alpha in our distinctive multi-manager model, which enables independent asset management businesses to specialize by asset class and investment approach. Each business maintains its own investment culture, singularly focused on delivering investment returns for our clients.
Sources of data (unless otherwise noted) as as of 3/31/2020.
All Assets Under Management are net unless otherwise noted. 1. Includes $15 billion in assets managed by PGIM Fixed Income for affiliated businesses, $112 billion in PGIM Japan assets, and $128 million of which is sub-advised by PGIM Private Capital. 2. Net AUM is $118.7B and AUA is $37.9B. Totals reflect gross AUM and include AUA. 3. Includes equity $91 billion, public fixed income $64 billion, and private credit and other alternatives $398 million. 4. Includes $58 billion in directly managed mandates, $33 billion of institutional and retail assets managed by various affiliated and third party managers. 5. Represents total combined assets of the PGIM Global Partners businesses, including $82 billion from joint ventures in which PFI does not have a controlling interest, and therefore does not correspond to assets under management and administration as reported by PFI. AUM also includes $5 billion in assets sub-advised by other PGIM units and included in their totals. 6. Sub-advised by other PGIM business units and included in their totals.
Alpha indicates the performance, positive or negative, of an investment when compared against an appropriate standard, typically a group of investments known as a market index. Real assets consist of investments and strategies in infrastructure, real estate, agriculture and timber.