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 12/31/2019.
*Reflects combined AUM totals for PGIM's real estate businesses. As of December 31, 2019, PGIM Real Estate's gross AUM is $72.2B and net AUM is $50.2B. Note that for PGIM Real Estate Finance, net and gross AUM is equal to $69.9B and total assets under administration is equal to $37.1B.
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.