NEWARK, New Jersey – (COMMERCIAL THREAD) – PGIM Investments continues to expand its platform of alternative investment solutions with the launch of PGIM Wadhwani Systematic Absolute Return Fund, a proprietary global quantitative and systematic macro strategy aimed at long-term risk-adjusted total return . This is the first PGIM Wadhwani strategy from PGIM Investments offered as a US mutual fund.
“Investors face a challenging market environment where stock market valuations are historically high and bond market yields historically low. Alternative investment solutions such as global macro strategies can offer investors a compelling way 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 in global equities, fixed income securities and currencies (directly or through the use of derivatives), taking long and short positions, with the aim of seizing alpha opportunities while limiting the downside risk. With its dynamic asset allocation strategy, the fund seeks to remain agile in rapidly changing market environments.
“With risk management being an integral part of how we build portfolios, we use an agile approach, dynamically tilting and timing our exposures and combining signals in a non-linear fashion to try to limit portfolio reductions,” said Dr Sushil Wadhwani, CBE, Chief Investment Officer of PGIM Wadhwani and appointed portfolio manager of the fund. Dr Wadhwani has 31 years of investment experience, which includes work in academia and the financial industry, 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 firm of Prudential Financial, Inc. (NYSE: PRU). PGIM Wadhwani LLP (formerly QMA Wadhwani LLP) is a London-based asset management firm specializing in systematic global macro investing with a unique combination of academic, macro, political and financial markets experience.
ABOUT PGIM INVESTISSEMENTS
PGIM Investments LLC and its affiliates offer more than 100 funds globally across a wide range of asset classes and investment styles. All products are backed by PGIM’s globally diverse investment platform which encompasses the expertise of managers in fixed income, equities, alternatives and real estate.
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU), ranks among the world’s 10 largest asset managers * with approximately $ 1.5 trillion in assets under management in the world. June 30, 2021. With offices in 17 countries, PGIM’s business offers a range of investment solutions for retail and institutional investors around the world across a wide range of asset classes, including public fixed income securities , private fixed income, fundamental stocks, quantitative stocks, real estate and alternatives. For more information on PGIM, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not affiliated in any way with Prudential plc, incorporated in the United Kingdom, or 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 assets under management based on the Pensions & Investments Top Money Managers list published on May 31, 2021. This ranking represents assets managed by Prudential Financial as of December 31, 2020.
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