Long Government/Credit

Actively managed long duration strategy targeting an excess return over the Barclays U.S. Long Government/Credit Index or similar benchmark. Strategy has historically generated its excess return in equal increments of top-down sector allocation and bottom-up subsector and security selection, with an emphasis on the credit and "spread" sectors.

Investment Approach

  • Good first move toward liability driven solution
  • Emphasis on high quality and close duration match
  • Diversified portfolios
  • Emphasis on spread product
  • Research-driven subsector and security selection
Why Prudential Fixed Income?

Decades of experience managing long duration portfolios

  • Managing LDI-oriented portfolios for third-party clients since 1980s
  • 18-year track record in Long Duration Government/Credit Strategy
  • 12-year track record in Long Duration Corporate Strategy

Expected Sustainable Alpha Generation

  • Emphasize research-driven security selection
  • De-emphasize interest rate timing

Comprehensive Credit and Quantitative Research Expertise

  • 130 career analysts, with senior analysts averaging 17 years experience
  • 43-member Quantitative Research and Risk Management Group

As of September 30, 2016.

Read benchmark descriptions.

Back to Investment Strategies


  • Senior Portfolio Manager has 22 years experience
  • Investment team averages 17 years experience
  • $48 billion in long duration assets