PFI

AM Best Affirms Credit Ratings of Prudential Financial, Inc. and Its Life/Health Subsidiaries

Thursday, December 2, 2021 - 4:38pm

Concurrently, AM Best has affirmed the Long-Term ICR of a- (Excellent) of PFI and all existing Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the group.

Key Points: 
  • Concurrently, AM Best has affirmed the Long-Term ICR of a- (Excellent) of PFI and all existing Long- and Short-Term Issue Credit Ratings (Long-Term IR; Short-Term IR) of the group.
  • The outlook of these Credit Ratings (ratings) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

PGIM Closed-End Funds declare distributions for December 2021, January and February 2022

Tuesday, November 30, 2021 - 9:10pm

If applicable, and when available, a current estimate of the distributions composition can be found in the Section 19 notice section of the website.

Key Points: 
  • If applicable, and when available, a current estimate of the distributions composition can be found in the Section 19 notice section of the website.
  • PGIM Investments, LLC and its affiliates offer more than 100 funds globally across a broad spectrum of asset classes and investment styles.
  • PGIM Fixed Income is a unit of PGIM, Inc., which is a registered investment advisor and Prudential Financial company.
  • PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

For the 4th Year, PFI Advisors Announces its Participation in #GivingTuesday

Tuesday, November 30, 2021 - 11:00am

Celebrated on the Tuesday following Thanksgiving, #GivingTuesday kicks off the charitable season, when many plan for their holiday and end-of-year giving.

Key Points: 
  • Celebrated on the Tuesday following Thanksgiving, #GivingTuesday kicks off the charitable season, when many plan for their holiday and end-of-year giving.
  • PFI Advisors has always highlighted charities close to its team members' hearts.
  • PFI Advisors is an operational consulting firm that supports the unique back office, technology, and operational needs of RIAs in growth mode.
  • PFI Advisors conducts Technology Assessments, manages Technology Conversions, and provides M&A Preparation and Integration Services to RIAs seeking growth support.

Hitachi Selected by the University of Tsukuba for its Second Proton Therapy System as a PFI Project

Monday, November 22, 2021 - 4:57am

The new proton therapy center will be equipped with Hitachi's compact design proton therapy system, including a set of one accelerator and two rotating gantry treatment rooms.

Key Points: 
  • The new proton therapy center will be equipped with Hitachi's compact design proton therapy system, including a set of one accelerator and two rotating gantry treatment rooms.
  • Image of New Proton Therapy Center; The new center is on the left of existing site
    The University of Tsukuba has been using Hitachi's proton therapy system since 2001.
  • Upon completion and opening of the new proton therapy center, the University of Tsukuba will shift its treatment from the existing center to the new center.
  • In 2001, the University of Tsukuba adopted Hitachi's proton therapy system and has provided proton therapy to approximately 6,000 cancer patients to date.

PharmaForce International: Immunology Benchmarking Study Captures Key Increases in FTEs by Indication in Europe

Thursday, November 18, 2021 - 4:47pm

The report focuses on key companies promoting products across the Dermatology, Rheumatology, and Gastroenterology areas throughout 2021.

Key Points: 
  • The report focuses on key companies promoting products across the Dermatology, Rheumatology, and Gastroenterology areas throughout 2021.
  • Since the previous Immunology report published by PFI in 2020, there have been a few notable increases in the number of full-time equivalents (FTEs) assigned to specific indications.
  • "The growth in FTEs dedicated to specific areas of Immunology is just one of many key findings found in the EU5 Immunology benchmarking report" says Wedemeyer.
  • In addition to the EU5, the Immunology benchmarking study will also be conducted in the United States.

Milliman analysis: Corporate pension funding inches closer to full funding, hitting 98.1% in October

Friday, November 5, 2021 - 6:30pm

SEATTLE, Nov. 5, 2021 /PRNewswire/ -- Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Key Points: 
  • SEATTLE, Nov. 5, 2021 /PRNewswire/ --Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.
  • During October, corporate pensions saw strong investment returns, with a monthly gain of 2.10%, the second-largest monthly return of 2021.
  • As a result, the PFI funded status increased by $17 billion for the month and the deficit declined to $36 billion.
  • To see Milliman's full range of annual Pension Funding Studies, go to https://www.milliman.com/en/retirement-and-benefits/pension-funding-studies .To receive regular updates of Milliman's pension funding analysis, contact us at pensionfunding@milliman.com .

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.