The PRUDENTIAL GROUP is a publicly held investment adviser that advises $2,237.32Bn in regulatory assets under management held in 7 SEC fund types across 13 investment strategies. PRUDENTIAL GROUP is a Hybrid A hybrid fund manager is a manager whose total assets under management are spread across multiple investment vehicle types rather than concentrated in one. Fund Manager. Assets increased by 46.21% over the last 5-years.
The Group has been registered with the SEC for 56.83 years and is comprised of 19 filing and 0 relying advisers. They operate out of 37 office locations with their Headquarters at 655 BROAD ST., NEWARK, NJ. The Group has been subject to regulatory enforcement actions. They are regulated by 40 US and Non-US bodies.
They have 4,411 employees comprised of 2,347 investment and 2,064 non-investment staff. The total number of Employees decreased by 23.1% over the last 5-years.
Their $2,237.32Bn in assets advised are owned by 484 private funds, 256 public funds and BDCs and 1,000 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $1,135.46Bn or 50.75% of Total Assets and Investment Companies (IC) own $399.11Bn or 17.84% of Total Assets.
The Group's top investment strategies include Real Estate, FI/Credit - Diverse and Multi Strat, representing 51.44%, 25.05% and 9.73% of total assets, respectively.
They advise 13 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Investment Companies (IC).
The Group uses 24 Fund Administrators, 5 Fund Auditors, 5 Prime Brokers, 28 Custodians and 16 Marketers. It does not report a third-party Fund Administrator in 135 private funds with $172.87Bn in assets.
The Group discloses advisory fees, fixed fees, management fees and performance-based fees.
PRUDENTIAL GROUP names 1 sub-adviser COGENERATION CAPITAL SECURITIES CORPORATION to 1 different fund advised by the group. The Group has been named as the sub-adviser to 4 funds.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In PRUDENTIAL GROUP's case, they have 39 business conditions that require high process maturity and 4 Watch Factors.