26 April 2012

Prudential Short Duration High Yield Fund, Inc. Raises $699 Million

NEWARK, N.J., April 26, 2012 - Prudential Investments announced the initial public offering of the Prudential Short Duration High Yield Fund, Inc. (The Fund). The Fund raised $699 million in its common share offering (assuming full exercise of the underwriters’ overallotment option, which may not occur) and its shares began trading today on the New York Stock Exchange under the symbol “ISD.” (more)
09 April 2012

Judy Rice receives lifetime achievement award from Fund Industry Intelligence

NEWARK, N.J., April 09, 2012 - Prudential Investments Chairman, Judy Rice was recently honored with a lifetime achievement award at Fund Industry Intelligence’s 19th Annual Mutual Fund Industry Awards. Prudential Investments is the mutual fund family of Prudential Financial, Inc. (NYSE: PRU) and offers funds across a range of asset classes and sectors, including equity, fixed income, real estate and specialty securities. (more)
15 March 2012

Prudential Investments launches Global Opportunities Fund

NEWARK, N.J., March 15, 2012 - Prudential Investments today announced the launch of the Prudential Jennison Global Opportunities Fund (A: PRJAX), a mutual fund that offers investors the potential for long-term growth by investing in companies from a broad range of countries, including emerging markets. Prudential Investments is the mutual fund family of Prudential Financial, Inc. (NYSE: PRU). (more)
12 March 2012

Prudential funds honored by Lipper for performance

NEWARK, N.J., March 12, 2012 - Four Prudential Investments mutual funds won awards based on five and 10-year risk-adjusted performance at Lipper’s recent annual mutual fund awards ceremony in New York City. The awards honor mutual funds that have excelled in delivering consistent risk-adjusted performance relative to peers. Prudential Investments is the mutual fund family of Prudential Financial Inc. (NYSE: PRU) and offers funds across a range of asset classes and sectors, including equity, fixed income, real estate and specialty securities. (more)
13 February 2012

Prudential Investments expands defined contribution mutual fund business; names new director of sales

NEWARK, N.J., February 13, 2012 - Prudential Investments announced today that it has expanded its defined contribution business by establishing a new Southwest Sales Division, among other organizational changes. The new division will be led by Account Manager Stacey Harper, who will be supported by Retirement Specialist Jeffrey L. Meltzer. Both of these are new positions. Harper was formerly a national accounts manager at Prudential Investment Management, and Meltzer was most recently an internal wholesaler for Prudential Investments’ sales team. (more)