PGIM Quantitative Solutions' views on current market developments, our investment themes, and various topics impacting capital markets.
Solving our clients’ challenges has always been the driver of innovation at PGIM Quantitative Solutions. It’s a legacy that was firmly cemented 20 years ago with pioneering research into the impact of behavioral anomalies on factor returns, helping to launch the firm’s active equity business and laying the foundations of modern quantitative finance.
A 40+ year track record of building equity and multi-asset investment solutions that have navigated a broad range of investment environments.
The innovative findings came in an era when large institutional investors were first grappling with the increasing pressure associated with mounting pension liabilities.
Prudential launches Day One Target Date Funds with QMA managing the allocation of assets that underlie the glidepath.
QMA launches US Small Cap Core and Real Assets strategies.
QMA's combination of conviction and adroit adjustments ensures a safe passage through the financial crisis.
QMA launches endowment-style Multi-Asset Class strategy.
QMA develops Target Date glidepaths.
QMA weathers the turmoil of the October 'Quant Wreck'.
QMA becomes an investment entity, filing an ADV form with SEC.
QMA launches Emerging Markets and Global Core strategies.
QMA's newly established research focus shifts from 'deep research' to ongoing 'implementation research'. QMA develops new factors, and includes data integrity screens and real-time bid-ask spreads when constructing portfolios. This new approach is implemented for non-US stocks.
PDI becomes QMA as part of a Prudential reorganization.
PDI develops a multi-factor weighting approach using growth rates to adjust factor weights in two new products: US Mid and US Large Cap Core Equity.
Founding CEO James Scott and Head of Research Margaret Stumpp initiate the research that results in PDI becoming an active equity manager and a key part of Prudential's institutional strategy.
During these years, pioneering research begins into the impact of behavioral anomalies on factor returns and PAM develops proprietary style-based analysis of portfolio performance. After becoming Prudential Diversified Investment Strategies (PDI) a new options-based defensive strategy is launched — US Market Participation Strategy (MPS).
PAM becomes Prudential Diversified Investment Strategies (PDI).
PAM launches Large Cap Value Equity, a single-factor strategy combining quantitative and fundamental approaches.
PGIM Quant forerunner Pension Asset Management (PAM) opens, becoming the multi-asset arm of Prudential's institutional annuity business.
PAM launches first global multi-asset solutions mandate: Global Multi-Asset Balanced.