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PGIM FIXED INCOME
Offers institutional investors solutions across fixed income markets, with a focus on credit strategies and liability-driven investing.
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OVERVIEW
ESTABLISHED
1928
INVESTMENT FOCUS
Public and Alternative
Fixed Income
INVESTMENT PROFESSIONALS
298
LOCATIONS
U.S., London, Amsterdam, Tokyo, and Singapore
ASSETS UNDER MANAGEMENT
As of 9/30/2019
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BUSINESS HIGHLIGHTS
Experience and Stability
Senior investment professionals average 29 years of experience and 23 years with Prudential Financial, Inc. (PFI).
Risk Management Focused
A 54-member team develops proprietary quantitative analytics and conducts daily risk monitoring and reporting.
Collaborative Process
Portfolio managers and analysts specialized by sector and industry collaborate on the research process.
Rigorous Research
An emphasis on bottom-up research-driven security selection conducted by over 100 career analysts, including senior analysts averaging over 29 years of experience.
Global Client Base
Managing assets for 759 clients worldwide, including 110 of the Fortune 500 companies1, 33 of the 100 largest global pension funds2 and 15 sovereign wealth funds and central banks.
At PGIM Fixed Income, global integration is imperative to the pursuit of alpha. Meet our senior investment team in the video below.
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ASSETS UNDER MANAGEMENT BY INVESTMENT CAPABILITIES
| INVESTMENT CAPABILITIES | AUM ($BILLIONS) |
|---|---|
| Governments | $174 |
| Corporates | $318 |
| High Yield | $48 |
| Bank Loans | $30 |
| Emerging Markets Debt | $69 |
| Securitized Products | $99 |
| Money Markets | $50 |
| Municipals | $27 |
| Mortgages | $21 |
| Other3 | $2 |
| Total AUM | $838 |
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Sources of data (unless otherwise noted) are as of 9/30/19. Assets under management and asset class breakdown based on company estimates and subject to change.
- Fortune 500 list: Fortune issued June 9, 2019.
- Global Pension Fund data: P&I/Willis Towers Watson 300 Largest Pension Funds ranking, data as of December 31, 2018, published September 2019.
- "Other" includes Japanese equities and Japanese real estate equities.
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LEADERSHIP
Michael K. Lillard Head of Fixed Income and Chief Investment Officer
Michael K. Lillard is responsible for portfolio management and trading for all products and strategies across the firm.
CONTACT
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OUR BUSINESSES
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Sources of data (unless otherwise noted) are as of 9/30/19.