CIO OVERVIEW
The CIO is responsible for portfolio construction and _______ management for Prudential's insurance businesses.
What is asset/liability management?
As of June 2022, the General Account held over $400 billion in this.
What is assets under management (AUM)?
These are the 5 teams that make up CIO.
What is PSS Alts, Global Hedge Management (GHM), Global Portfolio Management (GPM), Global Investment Strategy (GIS), and Strategy & Planning (S&P)?
GHM identifies and executes hedge transactions to support this core CIO discipline.
What is Asset/Liability Management (ALM)?
PSS Alts is organized into four asset units: Private Equity, Hedge Funds, Real Assets, and this multi-manager function.
What is Manager of Managers?
_______ underwriting and credit expertise is leveraged across CIO portfolios and teams.
What is PGIM?
As of March 2025, this CIO team managed/supervised $17.9 billion in assets.
What is PSS ALTS?
He leads Global Hedge Management.
Who is Eric Sorensen?
This team leads internal strategy, analytics, and M&A coordination for the CIO.
What is Strategy & Planning?
Name at least three of CIO’s partner groups.
What are: U.S. Businesses, International Businesses, PGIM, Finance, Treasury, Risk Management, and Actuarial?
CIO builds well‑diversified investment portfolios to support these types of insurance exposures.
What are insurance liabilities?
As of September 2022, this team hedged $86.4 billion of account value under CIO programs.
What is GHM?
This was the prior name for PSS Alts.
What is Alternative Assets Group (AAG)?
PSS originates, underwrites, and manages a diversified portfolio of fund investments to maximize ____ return on required capital.
What is Risk- Adjusted?
This GIS function involves developing market assumptions, quantitative modeling, and ALM valuation analytics.
What is Quantitative Investment Strategies?
CIO’s risk framework is focused heavily on the management of this key factor.
What is interest rate management?
As of September 30, 2025, this was the average portfolio yield on the general account.
What is 5%?
This CIO group is responsible for managing Prudential’s proprietary U.S. and international portfolios.
What is Global Portfolio Management (GPM)?
IPM and USPM must define these for asset managers to execute investment strategies effectively.
What are mandates?
Name at least 3 USPM Portfolio teams.
What are: Life & Annuities, Group & Retirement, and Closed Block & Long-Term Care?
CIO’s investment portfolios aim to protect invested capital and pricing margins through diversification and use of these instruments.
What are market securities and derivative instruments?
CIO hedge programs protected about $86.4 billion of this type of value.
What is account value?
Prudential's new CIO starting in March is coming from this firm.
What is Goldman Sachs?
This GHM function reports P&L drivers and risk metrics across hedge programs.
What is Managerial Analytics?
GPM actively manages this “shape of yield‑curve sensitivity” across portfolios.
What is key rate duration?