December 11, 2017

Quincy Krosby: Start of Bitcoin futures trading dominates market news

It’s Bitcoin Monday, with the cybercurrency dominating news coverage as it begins trading today on a major exchange for the first time, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

December 10, 2017

American workers trust life insurers for financial security, survey says

What keeps American workers awake at night? For one in three, it’s the fear of losing a loved one.

This finding, among several insights from the American Workers Surveycould be why 87 percent of respondents say life insurance is important, and why two in three have coverage.

December 06, 2017

Prudential Financial, Inc. Announces Pricing Terms and Election to Increase the 2047 Notes Cap and the 2049 Notes Cap of its Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Dec. 6, 2017-- Prudential Financial, Inc. (the "Company") (NYSE: PRU) announced today, among other things, the pricing terms of its offers to certain eligible holders (together, the "Exchange Offers") of the Company's Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the "Existing Notes") to exchange Pool 1 Existing Notes for consideration consisting of the Company's 3.905% Notes due 2047 (the "New 2047 Notes") and to exchange Pool 2 Existing Notes for consideration consisting of the Company's 3.935% Notes due 2049 (the "New 2049 Notes"), the complete terms an...
December 06, 2017

PGIM Real Estate acquires Tower at One Greenway apartment community in Boston

BOSTON, Dec. 6, 2017PGIM Real Estate has acquired the Tower at One Greenway, a 21-story Class A apartment community in Downtown Boston, on behalf of institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

December 06, 2017

Prudential Financial, Inc. Announces Early Participation Results and Early Settlement Election of its Private Exchange Offers of Certain Outstanding Notes for New Notes

NEWARK, N.J.--(BUSINESS WIRE)--Dec. 6, 2017-- Prudential Financial, Inc. (the "Company") (NYSE: PRU) announced today the results, as of the Early Participation Date of 5:00 p.m. New York City time, on December 5, 2017, of its offers to certain eligible holders (together, the "Exchange Offers") of the Company's Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the "Existing Notes") to exchange Pool 1 Existing Notes for consideration consisting of up to $650,000,000 aggregate principal amount of the Company's new notes due 2047 (the "New 2047 Notes") and to exchange Pool 2 Existing Notes for ...
December 05, 2017

PGIM Real Estate Finance provides $48.1 million HUD loan for Vistas at Jackson Creek in Colorado

MONUMENT, COLO., Dec. 5, 2017 – PGIM Real Estate Finance has provided a $48.1 million acquisition loan for Vistas at Jackson Creek in Monument, Colorado. PGIM Real Estate Finance is the commercial mortgage finance business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

December 05, 2017

Jennison Associates hires global head of distribution Lori McEvoy

NEW YORK, Dec. 05, 2017 - Jennison Associates announced today that Loraine “Lori” McEvoy will join the firm as their global head of distribution, effective Dec. 15, 2017. The new role, which combines oversight of all of Jennison’s client-facing sales and servicing activity, will include responsibility for institutional, subadvisory, and retail distribution; consultant relations; and client service. McEvoy will report to Jeffrey T. Becker, Jennison’s chairman and chief executive officer.

December 04, 2017

Quincy Krosby: Tax reform, $69 billion megadeal, jobs report among potential market movers

The Senate’s passage of its version of a tax reform bill is being greeted by the market as a viable sign that congressional Republicans are determined to get a deal signed, sealed and delivered to the president’s desk as quickly as possible, Prudential’s Chief Market Strategist Quincy Krosby said Monday in her weekly “Connecting the Dots” outlook.

November 30, 2017

PGIM Real Estate and Hanover Company acquire Houston apartment community

HOUSTON, Nov. 30, 2017PGIM Real Estate and Hanover Company, a Houston-based private real estate firm specializing in high-quality multifamily residential properties, have formed a joint venture to acquire a Class A apartment community in Houston. The property, previously known as Mosaic at Hermann Park, has been rebranded as Hanover Hermann Park. PGIM Real Estate, acting on behalf of institutional investors, is the real estate investment business of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

November 29, 2017

QMA continues to build global platform; hires John Gee-Grant as first head of international distribution

NEWARK, N.J., Nov. 29, 2017 - John Gee-Grant will join QMA in the newly created role of head of international distribution and global consultant relations, as the company continues to expand its global capabilities in client and business development.