PGIM Private Capital provides nearly $13.7B of senior debt and junior capital globally in 2023
"With economic and interest rate uncertainty weighing on sentiment, we saw a distinct trend towards borrowers really valuing certainty of execution."
NEWARK, N.J., Sept. 28, 2021 – PGIM Investments continues to expand its platform of alternative investment solutions with the launch of the PGIM Wadhwani Systematic Absolute Return Fund, a proprietary quantitative and systematic global macro strategy seeking long-term risk-adjusted total return. This is PGIM Investments’ first PGIM Wadhwani strategy offered as a U.S. mutual fund.
“Investors are facing a challenging market environment where stock market valuations are historically high and bond market yields are historically low. Alternative investment solutions like global macro strategies may offer a compelling way for investors to generate uncorrelated risk-adjusted returns to complement their traditional 60/40 portfolios,” said Stuart Parker, president and CEO of PGIM Investments.
The fund invests across global equities, fixed income and currencies (directly or through the use of derivatives), taking both long and short positions, in an effort to capture alpha opportunities while limiting downside risk. With its dynamic asset allocation strategy, the fund seeks to remain nimble in quickly changing market environments.
“With risk management integral to the way we construct portfolios, we employ an agile approach, dynamically tilting and timing our exposures and combining signals in a non-linear fashion to try to limit portfolio drawdowns,” said Dr. Sushil Wadhwani, CBE, chief investment officer of PGIM Wadhwani and a named portfolio manager of the fund. Dr. Wadhwani has 31 years of investment experience, which includes work in academia and the financial sector, as well as several years on the Bank of England’s Monetary Policy Committee.
PGIM Investments is part of PGIM, Inc. (“PGIM”), the $1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU). PGIM Wadhwani LLP (formerly QMA Wadhwani LLP) is a London-based asset management company that specializes in systematic global macro investing with a unique combination of academic, macro, policy and financial market experience.
ABOUT PGIM INVESTMENTS
PGIM Investments LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles. All products draw on PGIM’s globally diversified investment platform that encompasses the expertise of managers across fixed income, equities, alternatives and real estate.
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the top 10 largest asset managers in the world* with approximately $1.5 trillion in assets under management as of June 30, 2021. With offices in 17 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.
*Prudential Financial, Inc. (PFI) is the 10th-largest investment manager (out of 477) in terms of global AUM based on the Pensions & Investments Top Money Managers list published on May 31, 2021. This ranking represents assets managed by Prudential Financial as of Dec. 31, 2020.
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