Diversified Client Base and Co-Chief Investment Officers at PGIM

This chapter explores how PGIM serves a wide range of institutional clients beyond insurance companies, managing over half a trillion dollars in bonds for non-Prudential clients. It discusses the collaborative approach of the co-Chief Investment Officers for fixed income, highlighting the benefits of having co-heads in a department for decision-making processes and the importance of healthy conflict and debate. The chapter also delves into portfolio management strategies in response to changing market conditions, emphasizing the value of bonds in a balanced portfolio amid shifts in interest rates and credit quality considerations.