Investments

A dramatic sell-off has made the Turkish lira cheaper on an inflation-adjusted basis than it has been since the 1990s, but there are good reasons to avoid exposure to Turkish markets until an orthodox policy response from the government is forthcoming, according to PGIM Fixed Income’s macroeconomic team.

FRANKFURT, GERMANY, August 16, 2018 – PGIM Real Estate and Frankfurter Gewerbeimmobilien GmbH (FGI) have signed an agreement with TRIUVA on the future sale of Junghof Plaza, a 33,000-square-meter mixed-use redevelopment in Frankfurt. PGIM Real Estate is the real estate investment business of PGIM, Inc., the asset management arm of Prudential Financial, Inc. (NYSE: PRU). FGI is an owner-led investor and real estate developer in the residential, retail, hotel and office sectors.

NEWARK, N.J., August 14, 2018 - PGIM Real Estate Finance originated $8.1 billion in commercial mortgage financing in the first half of 2018, propelled by strong production in industrial and multifamily lending. 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).

After a half year of ongoing global uncertainty, investors continue to find varied—and perhaps mixed—metaphors to explain the evolving fixed income landscape, according to this edition of PGIM Fixed Income’s Quarterly Outlook.

NEWARK, N.J., July 26, 2018 - PGIM Investments has strengthened its relationship with financial services firm Edward Jones, joining the firm’s select group of Strategic Product Partners. PGIM Investments is the global manufacturer and fund distributor of PGIM Inc., the $1 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

CHICAGO, July 19, 2018 - Prudential Capital Group provided $5.3 billion of senior debt and junior capital to middle-market companies and projects globally in the first half of 2018. Prudential Capital Group is a leading source of private capital for public and private companies and is the private capital arm of PGIM, the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU).

NEWARK, N.J., July 11, 2018 - PGIM Investments announced it will host a conference call to provide market commentary and product updates for PGIM Short Duration High Yield Fund, Inc. (NYSE:ISD) and PGIM Global Short Duration High Yield Fund, Inc. (NYSE:GHY).

NEWARK, N.J., July 10, 2018 - Few current retirees take a new job in their golden years—but more than half of future retirees expect to continue working during retirement, driven by uncertainty about Social Security and their own financial preparedness, a new study from PGIM Investments reveals.

NEW YORK, June 25, 2018 - Jennison Associates announced today that Christine Schneider and Greg Weissman have joined the Global Distribution team as consultant relations professionals. The senior roles will be primarily responsible for the management of consultant relationships and secondarily, as relationship management for select clients in the promotion of Jennison’s capabilities across the U.S. and global markets.

NEWARK, N.J., June 20, 2018 - Lee Shapcott will join QMA as global chief marketing officer, dedicated to building upon the strength and reputation of the QMA brand as the company continues to focus on its global growth. QMA, with approximately $128 billion in assets under management as of March 31, 2018, is the quantitative equity and global multi-asset solutions business of PGIM Inc., the $1 trillion-plus global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).