MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, May 3, 2000 Prudential Restructuring Will Affect Funds Prudential Investments is combining all of its public equity asset management divisions into Jennison Associates, its institutional asset management division.
"Uniting our complementary public equity investment capabilities within Jennison's independent organization and culture will result in a broad distribution of assets and products across the value, growth, international, global and quantitative investment segments," said John Strangfeld, executive vice president and head of Prudential's asset management organization. Strangfeld said the combination of units will result in "significant changes over time to Prudential's mutual fund product line-up," adding that several funds will be be repositioned while others will be merged. Prudential's mutual fund family will continue to carry the Prudential name while the company "engages in a comprehensive review of its long-term mutual fund branding strategy." Spiros "Sig" Segalas is the president and chief investment officer, and John Hobbs is the chairman and CEO of Jennison Associates. Printed from: MFWire.com/story.asp?s=25696 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |
