Long Duration Government/Credit
Actively managed long duration strategy targeting an excess return over the Barclays Capital 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.
Approach
- Emphasis on high-quality spread products
- Research-driven subsector and security selection
- Modest sector rotation
Distinguishing Characteristics
- Reduces a portion of interest rate risk
- Good first step toward liability management
- Focus on generating excess returns from relative value security selection and trading
- Comprehensive approach to risk management
- Dedicated teams of credit and quantitative analysts specialize by sector
As of March 31, 2013. There can be no assurance that these objectives will be met. Read benchmark descriptions.
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- Decades of experience managing long duration portfolios
- 14-year track record in Long Duration Government/Credit Strategy
- $52 billion in long duration assets under management
- 6-member investment management team
- Senior Portfolio Manager has 31 years of investment experience
- Long Duration Government/Credit team averages 23 years of investment experience and 23 years with Prudential
- Supported by firmwide resources of credit analysts, quantitative research and risk management analysts, and sector teams