PGIM Quant 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 Margaret Stumpp initate the research that result in PGIM Quant 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 PGIM Quant'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 PGIM Quant research focus shifts from 'deep research' to ongoing 'implementation research'. PGIM Quant 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.
PGIM Quant launches Global Unconstrained and US Long-Short Equity strategy.
Prudential launches Day One Target Date Funds with PGIM Quant managing the allocation of assets that underlie the glidepath.
PGIM Quant's combination of conviction and adriot adjustments ensures a safe passage through the financial crisis.
PGIM Quant launches US Core Equity Extended strategy and develops Target Date glidepaths.
PGIM Quant launches Equity Market Neutral and 130/30 strategies.
PGIM Quant becomes an investment entity, filing an ADV form with SEC.
2006 - 2007
PGIM Quant weathers the turmoil of the October 'Quant Wreck'
PGIM Quant launches endowment-style Multi-Asset Class strategy.
PGIM Quant launches Real Assets strategy
PGIM Quant's San Francisco office opens.
Andrew Dyson joins as Chairman and CEO.
QMA establishes London presence.
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PGIM Quant launches US Levered Market Neutral and Quantitative Modelling Portfolio.
PGIM Quant acquires Wadhwani Asset Management (WAM), a London-based quantitative firm, as a complementary extension of our quantitative capabilities.
PGIM Quant 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
PGIM Quant launches:
Income Builder strategy
Diversified Multi-Asset Growth Global Macro Strategy.
Quant specialist announces rebrand, launches Defined Contribution Solutions group
PGIM appoints Linda Gibson as new CEO of PGIM Quant