Who are T&IO?
Prudential's multi-asset team, M&G Treasury & Investment Office (T&IO), are one of the largest and most well-resourced in the UK retail market. T&IO manages approximately £178bn (as at 31 December 2019) across a growing range of highly competitive multi-asset solutions and annuities on behalf of Prudential UK and Europe.
T&IO has great strength in depth with a team that includes investment professionals with expertise in capital market research, investment strategy design, liability management, alternative investments, derivatives and portfolio management.
T&IO works closely with Prudential to set the overarching strategic asset allocation framework for the multi-asset fund range and for managing the asset allocation on an ongoing basis.
As Prudential's asset allocation experts, here are some more key facts about T&IO.
Scale and breadth of assets under management: Often a preferred counterparty in the marketplace able to negotiate competitive terms and ensure a premium service is always provided.
Asset allocation: Core specialism is asset allocation. Stock selection decisions are outsourced to experienced fund managers in particular asset classes or markets.
Operational infrastructure: Investment teams supported by experienced information, compliance and risk monitoring teams.
Alternatives: One of the largest UK investors in alternative investments with £6.5bn invested across a diversified global portfolio of assets.
Long-term: Being part of an insurance group allows a longer investment horizon and provides the opportunity to exploit the risk premiums offered through holding illiquid assets and access to a wide range of asset classes.
Longevity of process: At the core of any long-term asset allocation decision is a process that has been in place and successful for nearly two decades.
Governance framework: Approach of setting and policing clear mandates for underlying managers for PruFunds provides an additional layer of quality control.
Active management: Believe value can be added through a sound and well-structured investment process across strategic, intermediate and tactical time horizons.
Global reach: Close relationships with high quality investment companies like M&G Investment Management, M&G Alternatives, M&G Real Estate, Eastspring investments, PPM America and PPMSA – over 800 investment professionals.
Demonstrable success: PruFund Growth’s 15 year track record provides clear evidence of T&IO’s ability to produce investment returns that help meet investor expectations over long periods and through different market conditions.
Liquidity and stress tests: All portfolios are formally stress tested quarterly.
As at 31 December 2019