Investments
Prudential Capital Group adopts PGIM Private Capital as new global brand name
CHICAGO, July 09, 2019 - Prudential Capital Group has renamed its global investment business as PGIM Private Capital. With over $86 billion in assets under management (as of March 31, 2019), the business is the private capital arm of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
The Fed clears the way for cuts as the market seeks even more
According to PGIM Fixed Income’s G-10 lead economist Ellen Gaske and chief investment strategist Robert Tipp, we may expect to see two rate cuts in the second half of 2019—more than what the median Fed projection has penciled in, but less than the three cuts the market has been pricing in.
PGIM names Cameron Lochhead global head of institutional relationships
Cameron Lochhead has been named global head of PGIM’s Institutional Relationship Group, dedicated to deepening strong relationships with institutional clients and continuing to grow PGIM’s reputation for superior client service.
PGIM Real Estate Finance provides $200 million refinancing for Manhattan office building
PGIM Real Estate Finance has provided a $200 million refinancing loan to Jack Resnick & Sons for 315 Hudson St. in Manhattan.
The outlook for escalating trade tensions
Nathan Sheets, PGIM Fixed Income’s chief economist and head of global macroeconomic research, recognizes that uncertainties regarding U.S.-China trade tensions have multiplied and provides perspective based on the question of “what do we actually know?”
Implications of a U.S.-China Trade Deal: Who Wins? Who Loses?
As the United States and China work toward a resolution of the ongoing trade war, an important question is whether the agreement will achieve any appreciable further opening of the Chinese economy and, if so, how such gains will be distributed across China’s trading partners.
QMA’s Q2 2019 Outlook & Review
Despite the global growth slowdown, QMA projects that the general trend should be up near term, underpinned by central bank dovishness, and reasonably attractive valuations, as detailed in its latest Outlook & Review.
PGIM Real Estate sells Westend Yards in Munich, completing its Triple Portfolio sale
MUNICH, April 2, 2019 – PGIM Real Estate has completed the sale of Westend Yards at Hansastrasse 24-36, a 32,000-square-meter office property in Munich, on behalf of its European value-add strategy.
Jennison Associates hires Peter Latara as managing director
Peter W. Latara has joined Jennison Associates as a managing director and relationship manager, effective Feb. 25, 2019. The role will include a focus on both sales as well as client service. Latara will report to Lori McEvoy, Jennison’s global head of distribution.
PGIM Real Estate completes $12 billion in 2018 transactions worldwide
PGIM Real Estate completed approximately $12 billion in transactions worldwide in 2018 on behalf of institutional and high net worth investors, including investments in real estate equity and debt, and property dispositions.