Assets Under Management AUM

PGIM Investments expands its range of alternative investments with the new PGIM Wadhwani fund

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.


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

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

* 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.

Carefully consider the investment objectives, risks, costs and expenses of a fund before investing. The prospectus and the simplified prospectus contain this information as well as other information about the fund. Contact your financial professional to obtain a prospectus and summary prospectus. Read them carefully before investing.

Investing in mutual funds involves risk. Some mutual funds carry more risk than others. Return on investment and principal value fluctuate and shares once sold may be worth more or less than the original cost and it is possible to lose money. There is no guarantee that the objectives of a fund will be achieved. The risks associated with each fund are explained in more detail in the respective prospectus of each fund.

The funds are distributed by Prudential Investment Management Services LLC, a Prudential Financial company. PGIM Wadhwani is the primary business name of PGIM Wadhwani LLP, a wholly owned subsidiary of PGIM, Inc. (PGIM), a company of Prudential Financial. © 2021 Prudential Financial, Inc. and its related entities. PGIM and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions around the world.

Investment products are not insured by the FDIC or any agency of the federal government, may lose value, and do not constitute a deposit or guarantee by any bank or subsidiary bank.




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