NU Online News Service, Dec. 16, 12:02 p.m. – Prudential Financial Inc., Newark, N.J., has restructured its two domestic mutual fund families. The fund families will now be known as the Jennison/Dryden and Strategic Partners fund families.
Prudential says the Jennison/Dryden family will include funds subadvised by Prudential Investment Management’s public equity and fixed-income asset management businesses, including Jennison Associates, Prudential Fixed Income and the Quantitative Management groups.
Jennison has more than $34 billion in equity assets under management for institutional and private clients. Prudential Fixed Income manages $145 billion in assets, and the QM team has $31 billion in assets.
The Strategic Partners family of sub-advised funds, created in 2000, will continue to use more than one manager, Prudential says.