April 10, 2018

PGIM Investments enters the active ETF market with fixed income strategy

NEWARK, N.J., April 10, 2018 - PGIM Investments has entered the exchange-traded fund space with the launch of the PGIM Ultra Short Bond ETF (NYSE ARCA:PULS). The fund is a diversified, fixed income, actively managed ETF that aims to deliver current income and capital appreciation with a focus on managing risk. PGIM Investments is the worldwide distributor of retail products for PGIM, Inc., the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE:PRU)—a top 10 asset manager globally.

April 05, 2018

PGIM Fixed Income announces leadership changes to its US bank loan team

NEWARK, N.J., April 05, 2018 - PGIM Fixed Income today announced that Brian Juliano, managing director, will be named head of the U.S. bank loan portfolio management team upon the retirement of Joe Lemanowicz later this year. Juliano has co-headed the team with Lemanowicz since September 2017. Juliano will continue to report to Robert Cignarella, managing director and head of Global Leveraged Finance.

April 04, 2018

PGIM Real Estate acquires 75 percent interest in York & George development

SYDNEY, April 3, 2018 – PGIM Real Estate has agreed to acquire a 75 percent interest in the prime retail and commercial component of the York & George mixed-use project, currently under development by Fife Capital at 383 George Street, Sydney. 

March 20, 2018

Howard Nowell joins PGIM Institutional Relationship Group in London

LONDON, March 20, 2018 - Howard Nowell has joined PGIM as managing director of the company’s Institutional Relationship Group in London, committed to serving large institutional clients in the U.K. and Europe and establishing new relationships throughout the region.

March 19, 2018

PGIM Real Estate Finance and NYSTRS provide $1.1 billion loan for nationwide industrial portfolio

CHICAGO, March 19, 2018 - PGIM Real Estate Finance and the New York State Teachers’ Retirement System (NYSTRS) have provided $1.1 billion in financing for the acquisition of a 146-property industrial portfolio. 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).

March 12, 2018

PGIM Real Estate signs agreement to acquire M Campus in Meudon, Paris

PARIS, March 12, 2018 – PGIM Real Estate has signed an agreement to acquire M Campus, a 45,000-square-meter office campus in Meudon, on the outskirts of Paris.

March 05, 2018

Prudential Short Duration High Yield Fund, Inc. and Prudential Global Short Duration High Yield Fund, Inc. appoint new director

NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director for closed-end mutual funds Prudential Short Duration High Yield Fund, Inc. (NYSE: ISD) and Prudential Global Short Duration High Yield Fund, Inc. (NYSE: GHY) effective March 1.

March 05, 2018

The Board of Directors of Prudential Funds adds independent director to its open-end mutual fund board

NEWARK, N.J., March 5, 2018 – Brian Reid has been elected as an independent director effective March 1 for open-end mutual funds offered by PGIM Investments, the $100 billion1 global manufacturer and fund distributor of PGIM. PGIM is the $1 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).

February 14, 2018

PGIM Real Estate exceeds $14 billion in 2017 transactions worldwide

NEW YORK, Feb. 14, 2018 – PGIM Real Estate completed more than $14 billion in transactions worldwide in 2017 on behalf of institutional investors, including investments in real estate equity and debt and property dispositions.

February 12, 2018

PGIM Real Estate Finance provides nearly $15 billion in financing in 2017

NEWARK, N.J., Feb. 12, 2018 – PGIM Real Estate Finance originated $14.8 billion in financing in 2017 led by production in multifamily and industrial 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).