Prudential Fixed Income named top manager of U.S. core plus strategies
NEWARK, N.J. –Prudential Fixed Income
was named the top manager of U.S. fixed income core plus strategies at Institutional Investor’s
Annual U.S. Investment Management Awards event in New York City. Prudential Fixed Income, one of the largest fixed income managers in the United States, is an asset management business of Prudential Financial, Inc. (NYSE:PRU).
The magazine says the awards “recognize U.S. institutional investors whose innovative strategies and fiduciary savvy resulted in impressive returns over the past year, as well as U.S. money managers in more than 30 asset classes and strategies who stood out in the eyes of the investor community for their exceptional performance, risk management, and service.”
Michael Collins, a senior portfolio manager for the Core Plus Strategy, accepted the award on behalf of Prudential Fixed Income and the core plus team at a May 14 awards ceremony in New York City.
James Sullivan, senior managing director and head of Prudential Fixed Income, said, “We are proud to be recognized by Institutional Investor, our peers and investors for our efforts to generate the best possible risk-adjusted returns for our clients. Our deep research capabilities and disciplined investment and risk management practices have served us well in today’s risk-conscious environment.”
Prudential Fixed Income’s Core Plus Strategy is an actively managed strategy that seeks an excess return over the Barclays Capital U.S. Aggregate Bond Index or a similar benchmark. The strategy seeks to generate half of its excess return from top-down sector allocation and a quarter each from bottom-up subsector/security selection, and from duration/yield curve/currency management. The strategy favors the credit-oriented sectors, reflecting the firm’s significant research expertise.
Award winners were chosen by the editorial staff of Institutional Investor magazine based on market intelligence and performance data, which included one, three, five and 10-year performance, risk data, along with additional information received from the industry following a public call for nominations. Magazine editors also chose winners by taking into account the results of a survey conducted of 1,000 institutional investors overseeing the premier endowments, foundations, corporate and public pension plans, and other institutions.
Prudential Fixed Income, with $332 billion in assets under management as of March 31, 2012, offers institutional investors needs-based solutions across all fixed income markets, with a focus on credit strategies and liability-driven investing. Prudential Fixed Income has portfolio management and research teams in Newark, N.J., and in its affiliate offices in London and Singapore. For more information, please visit http://www.prudentialfixedincome.com
Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $943 billion of assets under management as of March 31, 2012, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit http://www.news.prudential.com