QMA forerunner Pension Asset Management (PAM) opens, becoming the multi-asset arm of Prudential's institutional annuity business.
First global multi-asset solutions mandate:
Global Multi-Asset Balanced
1990 - 92
1993 - 97
PAM launches Large Cap Value Equity, a single-factor strategy combining quantitative and fundamental approaches.
Margaret Stumpp joins as Head of Research.
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PAM becomes Prudential Diversified Investment Strategies (PDI).
During these years, pioneering research begins into the impact of behavioral anomalies on factor returns and PAM develops proprietary style-based analysis of portfolio performance. After becoming Prudential Diversified Investment Strategies (PDI) a new options-based defensive strategy is launched — US Market Participation Strategy (MPS)
CEO James Scott and Maargaret Stumpp initate the research that result in QMA becoming an active equity manager and a key part of Prudential's institutional strategy.
PDI develops a multi-factor weighting approach using growth rates to adjust factor weights in two new products: US Mid and US Large Cap Core Equity.
Peter Xu joins as a Senior Research Analyst. James, Peter and Margaret identify non-linearity of factor returns relative to the earnings growth rate which becomes the basis of QMA's adaptable factor-weighting framework.
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PDI offices move from Short Hills, NJ to Newark, NJ.
PDI becomes QMA and value equity team as part of a Prudential reorganization.
2000 - 2001
The newly established QMA research focus shifts from 'deep research' to ongoing 'implementation research' QMA also develops new factors, and includes data integrity screens and real-time bid-ask spreads when constructing portfolios. This new approach is implemented for non-US stocks.
QMA launches Global Unconstrained and US Long-Short Equity strategy.
Prudential launches Day One Target Date Funds with QMA managing the allocation of assets that underlie the glidepath.
QMA's combination of conviction and adriot adjustments ensures a safe passage through the financial crisis.
QMA launches US Core Equity Extended strategy and develops Target Date glidepaths.
QMA launches Equity Market Neutral and 130/30 strategies.
QMA becomes an investment entity, filing an ADV form with SEC.
2006 - 2007
QMA weathers the turmoil of the October 'Quant Wreck'
QMA launches endowment-style Multi-Asset Class strategy.
QMA launches Real Assets strategy
QMA's San Francisco office opens.
Andrew Dyson joins as Chairman and CEO.
QMA establishes London presence.
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QMA launches US Levered Market Neutral and Quantitative Modelling Portfolio.
QMA acquires Wadhwani Asset Management (WAM), a London-based quantitative firm, as a complementary extension of our quantitative capabilities.
QMA launches Commodity Strategy
PAM develops one of the first quantitative asset allocation framework designed around the discounted cash flow analysis of all S&P 500 stocks.
James Scott joins as CEO.
PAM implements a derivatives-based asset allocation account
Income Builder strategy
Diversified Multi-Asset Growth Global Macro Strategy.