Prudential plc

PGIM Investments to acquire direct indexing firm Green Harvest Asset Management

Tuesday, October 19, 2021 - 1:30pm

PGIM Investments announced today that it has entered into an agreement to acquire Green Harvest Asset Management LLC (Green Harvest), a separately managed account (SMA) platform providing customized solutions for the complex needs of high-net-worth investors.

Key Points: 
  • PGIM Investments announced today that it has entered into an agreement to acquire Green Harvest Asset Management LLC (Green Harvest), a separately managed account (SMA) platform providing customized solutions for the complex needs of high-net-worth investors.
  • PGIM, Inc. is the $1.5 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ) a top-10 investment manager globally.
  • Upon completion, Green Harvest will join PGIM Investments retail platform, expanding the firms wide range of investment solutions and capabilities.
  • Green Harvest Asset Management LLC was formed in 2017 by a team of seasoned ETF and asset management experts.

PGIM Fixed Income announces new head of municipal bond team

Monday, October 18, 2021 - 2:20pm

PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets, announced Jason Appleson will assume the role as head of Municipal Bonds effective Jan. 1, 2022 upon the retirement of long-time head of Municipal Bonds Susan Courtney.

Key Points: 
  • PGIM Fixed Income, a global asset manager offering active solutions across all fixed income markets, announced Jason Appleson will assume the role as head of Municipal Bonds effective Jan. 1, 2022 upon the retirement of long-time head of Municipal Bonds Susan Courtney.
  • Jason brings strong capabilities in municipal bond portfolio management and relative value analysis, as well as proven investment leadership to our municipal bond team.
  • With continued strong flows into the municipal category, Jasons expertise will prove immediately valuable to our clients who look to municipal bonds as a key part of their fixed income portfolio, said Richard Greenwood, head of Credit for PGIM Fixed Income.
  • As head of the municipal bond team Appleson will report to Greenwood and be responsible for developing, directing and executing investment strategy for all tax-exempt municipal bond assets, including the municipal bond mutual funds.

Disruption in service sector favors leaders in health, finance and logistics, PGIM reports

Thursday, October 14, 2021 - 2:00pm

The COVID-19 pandemic accelerated the development and deployment of new technologies that are radically reshaping winners and losers across the services sector in both developed and emerging markets, said Taimur Hyat, chief operating officer for PGIM.

Key Points: 
  • The COVID-19 pandemic accelerated the development and deployment of new technologies that are radically reshaping winners and losers across the services sector in both developed and emerging markets, said Taimur Hyat, chief operating officer for PGIM.
  • At PGIM, we believe long-term investors can get ahead of this transformational phase in the services sector by actively positioning their portfolios to capture the investment opportunities and mitigate the risks from this impending wave of technology-driven disruption.
  • Disruptors in financial services are expanding the accessible market for financial firms, but todays leaders have the opportunity to widen their moat against upstart competitors.
  • For more, visit the microsite for Reshaping Services: The investment implications of technological disruption , the latest in PGIMs Megatrends series.

PGIM Private Capital Invests $65.0M in ED&F Man Capital Markets US Holdings, Inc.

Thursday, October 14, 2021 - 1:33pm

PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

Key Points: 
  • PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
  • We are pleased to provide funding to ED&F Man Capital Markets to provide strategic financing for the business as they pursue the next phase of growth.
  • Christopher J Smith, Global CEO of ED&F Man Capital Markets, said:
    Our partnership with PGIM Private Capitals Direct Lending group is built on a relationship whose foundations go back over many years.
  • Matthew Harvey, Managing Director and Head of PGIM Private Capitals Direct Lending group, said:
    We look forward to supporting ED&F Man Capital Markets strategic journey and working closely with their leadership team.

Top AI Experts Shed Light on the Need to Accelerate AI, RPA to Support Businesses and Enterprises in The Philippine Market

Wednesday, October 13, 2021 - 6:11am

Hosted by Trescon, World AI & RPA Show convened over 250 online participants that included major stakeholders of the Philippines' AI ecosystem including government authorities, top AI experts and solution providers.

Key Points: 
  • Hosted by Trescon, World AI & RPA Show convened over 250 online participants that included major stakeholders of the Philippines' AI ecosystem including government authorities, top AI experts and solution providers.
  • The virtual conference featured leading AI organizations such as Oracle and Denodo coming together to discuss the Philippines' AI and RPA prospects.
  • Innovations like AI, however, need to be contextualized and integrated into an enterprise use case," stated Mithun Shetty, CEO, Trescon.
  • World AI & RPA Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.

Jackson Enters the Registered Index-Linked Annuity Market

Monday, October 11, 2021 - 2:09pm

Jackson National Life Insurance Company (Jackson), the main operating subsidiary of Jackson Financial Inc. (NYSE: JXN), today announced the launch of Jackson Market Link ProSM (JMLP) and Jackson Market Link Pro AdvisorySM (JMLPA), two new registered index-linked annuities (RILAs).

Key Points: 
  • Jackson National Life Insurance Company (Jackson), the main operating subsidiary of Jackson Financial Inc. (NYSE: JXN), today announced the launch of Jackson Market Link ProSM (JMLP) and Jackson Market Link Pro AdvisorySM (JMLPA), two new registered index-linked annuities (RILAs).
  • Registered index-linked annuities are one of the fastest growing segments of the annuities market and continue to gain momentum, said Aimee DeCamillo, Jackson Chief Commercial Officer and President of Jackson National Life Distributors LLC (JNLD).
  • Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a publicly traded company.
  • This and other important information is contained in the current contract prospectus at Jackson.com/ProspectusJMLP for the Jackson Market Link Pro prospectus or Jackson.com/ProspectusJMLPA for the Jackson Market Link Pro Advisory prospectus.

Jackson to Report 3Q 2021 Financial Results

Friday, October 8, 2021 - 2:00pm

Jackson Financial Inc. 1 (NYSE: JXN) will announce financial results for the third quarter ended September 30, 2021 after market close Tuesday, November 9, 2021.

Key Points: 
  • Jackson Financial Inc. 1 (NYSE: JXN) will announce financial results for the third quarter ended September 30, 2021 after market close Tuesday, November 9, 2021.
  • Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a publicly traded company.
  • Prudential plc and Athene Life Re Ltd. each hold a minority economic interest in Jackson Financial Inc. Prudential plc has no relation to Newark, New Jersey-based Prudential Financial, Inc.
    Jackson is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York (Home Office: Purchase, New York).
  • 1 Jackson Financial Inc. (JFI) is a U.S. holding company and the direct parent of Jackson Holdings LLC (JHLLC).

AM Best Affirms Credit Ratings of Jackson National Life Insurance Company and Its Affiliates; Assigns Issuer Credit Rating to Jackson Financial Inc.

Wednesday, October 6, 2021 - 2:22pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York, and its direct parent, Brook Life Insurance Company.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of a (Excellent) of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York, and its direct parent, Brook Life Insurance Company.
  • AM Best also has affirmed the Long-Term ICR of a (Excellent) of Jackson National Life Global Funding.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

PGIM Investments launches ESG multisector fixed income fund

Thursday, September 30, 2021 - 1:30pm

PGIM Investments is expanding its commitment to environmental, social and governance (ESG) investing with the launch of the PGIM ESG Total Return Bond Fund , its first dedicated ESG strategy offered to U.S. investors.

Key Points: 
  • PGIM Investments is expanding its commitment to environmental, social and governance (ESG) investing with the launch of the PGIM ESG Total Return Bond Fund , its first dedicated ESG strategy offered to U.S. investors.
  • These ESG ratings are assigned by a team of more than 110 analysts and overseen by PGIM Fixed Incomes ESG committee.
  • As one of the largest fixed income fund providers, we recognize the increased demand from clients for optionality between traditional and ESG investment strategies, said Stuart Parker, president and CEO of PGIM Investments.
  • Greg Peters, head of Multi-Sector and Strategy, PGIM Fixed Income, added, Our relative value analysis incorporates credit material ESG factors to help identify risks and opportunities.

PGIM Investments expands alternative investment lineup with new PGIM Wadhwani fund

Tuesday, September 28, 2021 - 1:30pm

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.

Key Points: 
  • 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.
  • PGIM Investments is part of PGIM, Inc. (PGIM), the $1.5 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ).
  • PGIM Wadhwani is the primary business name of PGIM Wadhwani LLP, a wholly owned subsidiary of PGIM, Inc. (PGIM), a Prudential Financial company.