Target-Date Funds Aging Gracefully
In 25 years, target-date funds have evolved from a cutting-edge product to the single biggest investment option in the defined contribution space.
Jeremy Stempien is a Principal, Portfolio Manager and Strategist for PGIM Quantitative Solutions working within the Global Multi-Asset Solutions team. In this capacity, he is responsible for portfolio management, analysis and research for the Prudential Day One Funds. Prior to joining PGIM Quantitative Solutions, Jeremy was a Director of Investments at Morningstar Investment Management. There, he developed asset allocation programs for plan providers, plan sponsors and money management companies, working with clients to create and manage custom target date glidepaths, select appropriate asset classes and construct model portfolios. Previously, he worked as a Defined Contribution Manager at Hewitt Associates. Jeremy earned a BA in finance from Saint Louis University and an MBA in investments from the University of Notre Dame.