Jennison Associates expands fixed income unit with senior hire
21 May 2024 - 11:00PM
Business Wire
Jennison Associates, the fundamental active equity and fixed
income manager of PGIM, the $1.3 trillion1 global asset management
business of Prudential Financial, Inc. (NYSE: PRU), has hired
Stephen Weiss as managing director in Fixed Income Business
Development. Jennison has $208 billion in assets under management
worldwide.2
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Stephen Weiss, Managing Director, Fixed
Income Business Development, Jennison Associates (Photo: Business
Wire)
Based in Jennison’s Boston office, Weiss will report to
MacKenzie Hurd, head of Institutional Business Development, and
will be responsible for building relationships with Jennison’s
fixed income prospects.
Weiss has more than 25 years of experience in institutional
asset management, including leading sales, consultant relations,
product management and client relationship management efforts
across multiple channels and asset classes, both public and
private. Most recently, Weiss was head of U.S. business development
with SLC Management. Prior to that, he was a senior client
portfolio manager at Income Research + Management.
“Jennison’s dedication to its clients and investment performance
have resulted in client relationships that span decades,” said
Weiss. “I’m excited to help bring the firm’s differentiated
investment approach and customized solutions to a wider set of
investors.”
Weiss earned a BA in political science from Tufts University and
holds an MBA with a concentration in finance from Boston
University. He holds the Series 7, 24 and 63 licenses and is a CFA
charterholder.
“Stephen’s deep fixed income experience and long-standing
relationships are a significant benefit to Jennison,” said Hurd.
“We’re thrilled to have him on board.”
Jennison’s Fixed Income team has nearly $50 billion in assets
under management and manages investment-grade strategies across the
duration spectrum for 15 of the 20 largest retirement plans in the
U.S. The team utilizes yield curve management, sector allocation
and security selection to drive alpha and competitive investment
returns through various market cycles with a focus on downside
protection and liquidity.
ABOUT JENNISON ASSOCIATES LLC
Founded in 1969, Jennison Associates offers a range of equity
and fixed income investment strategies. Its equity expertise spans
styles, geographies and market capitalizations. Its fixed income
capability includes investment-grade active and structured
strategies of various durations. Original fundamental research,
specialized investment teams, strong client focus, and highly
experienced investment professionals are among the firm’s
competitive distinctions. As of March 31, 2024, Jennison managed
$208 billion in client assets.
Jennison is an affiliate manager of PGIM, the global asset
management business of Prudential Financial, Inc. (NYSE: PRU). For
more information, please visit jennison.com.
ABOUT PGIM
PGIM is the global asset management business of Prudential
Financial, Inc. (PFI). PFI has a history that dates back over 145
years and through more than 30 market cycles. With 41 offices in 19
different countries (as of March 31, 2024), our more than 1,450
investment professionals are located in key financial centers
around the world.
Our firm comprises multi-managers that collaborate with each
other and specialize in a particular asset class with a focused
investment approach. This gives our clients diversified solutions
with global depth and scale across public and private asset
classes, including fixed income, equities, real estate, private
credit, and other alternatives. As a leading global asset manager
with $1.34 trillion in assets under management (as of March 31,
2024), PGIM is built on a foundation of strength, stability and
disciplined risk management.
For more information, visit pgim.com.
Prudential Financial, Inc. (PFI) of the United States is not
affiliated in any manner with Prudential plc, incorporated in the
United Kingdom, or with Prudential Assurance Company, a subsidiary
of M&G plc, incorporated in the United Kingdom. For more
information please visit news.prudential.com.
2024-3589506
____________________________ 1 As of March 31, 2024. 2 As of
March 31, 2024.
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CONNECT WITH US: Visit pgim.com Follow on LinkedIn
MEDIA Leah Pappas 973-856-5709 leah.pappas@pgim.com
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