Pru Beefs Up Fund Offering Lineup

September 1, 2004 (PLANSPONSOR.com) - Prudential Retirement has added three new institutional sub-advised fund offerings, the company announced.

The new funds – part of Prudential Retirement’s Manager-of-Managers program – include, according to a news release:

  • Waddell & Reed Investment Management Co., large-cap growth
  • Goldman Sachs Asset Management, L.P., mid-cap growth
  • Cooke & Bieler, L.P.,   mid-cap value

Prudential’s Manager-of-Managers approach provides employers and their employees with access to institutional fund managers who do not typically manage retail investments. The program’s evaluation process doesn’t end when a fund becomes part of Prudential Retirement’s investment offerings.

Following selection, Prudential’s Due Diligence Advisor Program monitors all funds to help ensure each continues to deliver solid performance relative to peers. In fact, for sub-advised funds in the Manager-of-Managers program, poor-performing managers are replaced without the need of any action by sponsors, the news release said.

The new funds are currently available as part of Prudential’s retirement-planning solutions for corporate, Multi-Employer and government and municipal employer clients.

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