Prudential Fixed Income has been appointed as the collateral manager for
the Dryden 30 Senior Loan Fund, a recently closed $516.4 million
collateralized loan obligation. Prudential Fixed Income is the principal
public fixed income asset management business of Prudential Financial,
Inc. (NYSE:PRU).
The Dryden 30 Senior Loan Fund is the eighth new CLO to be issued
globally under the Dryden brand within the last two years and the 46th
cash or synthetic CLO/CDO structure to be managed or sub-advised by
either or both of the Prudential Fixed Income teams in its Newark and
London offices. Standard & Poor's ranks Prudential as one of the largest
global CLO managers. The company now manages more than $9 billion in CLO
capital.
Prudential Fixed Income, with $391 billion in assets under management as
of June 30, 2013, offers institutional investors needs-based solutions
across all fixed income markets, with a focus on credit strategies and
liability-driven investing. Prudential Fixed Income has portfolio
management and research teams in Newark, N.J.; London and Singapore. For
more information, please visit www.prudentialfixedincome.com.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
$1.04 trillion of assets under management as of June 30, 2013, has
operations in the United States, Asia, Europe, and Latin America.
Prudential’s diverse and talented employees are committed to helping
individual and institutional customers grow and protect their wealth
through a variety of products and services, including life insurance,
annuities, retirement-related services, mutual funds, investment
management. In the U.S., Prudential’s iconic Rock symbol has stood for
strength, stability, expertise and innovation for more than a century.
For more information, please visit http://www.news.prudential.com/
Copyright Business Wire 2013