PGIM Fixed Income is one of the largest fixed income managers in the U.S.,Footnote 1¹ with $968 billion in assets under management for institutional, retail and affiliated insurance company clients worldwide.Footnote 2² The firm employs approximately 326 investment professionals worldwide, who provide broad coverage of the global fixed income markets and in-depth, focused expertise within each sector. Independent portfolio management and credit research groups operate as integrated teams to manage institutional and CDO portfolios. PGIM Fixed Income is headquartered in Newark, New Jersey, USA, with offices in London, Singapore and Tokyo.
The firm manages 56 collateral loan obligations (CLOs) with total par or $30.17 billion as of December 31, 2020Footnote 3³, including:
- Fifty-six CLOs invested mainly in U.S. and European bank loans
In addition to the CLOs listed above, 40 transactions have either been called or matured, and 12 sub-advisory contracts have concluded.