PGIM merges public fixed-income and private-credit teams, creating $1tn unit

By Yahoo! Finance   |   1 week ago
PGIM merges public fixed-income and private-credit teams, creating $1tn unit

Prudential Global Investment Management (PGIM) is combining its public fixed-income and private-credit teams to create a unit with nearly $1 trillion in assets. This strategic move aims to improve cross-selling and compete with major Wall Street firms.

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