PGIM announces sponsorship of CFA Institute Global Research Challenge
The future of the investment management industry depends on the performance of one asset above all else—human capital, according to PGIM. With an eye toward building the next generation of analysts, accountants and portfolio managers, PGIM, the USD1.3 trillion global investment management business of Prudential Financial, has entered into a multiyear sponsorship with the CFA Institute Research Challenge to provide mentorship, funding and online learning resources.
In the global Research Challenge, more than 6,000 young analysts and CFA Program candidates—college students or those starting their careers—face off in a yearlong competition to analyse and present their best investment case for a chosen stock.
David Hunt, CEO, PGIM, said “At PGIM, we know our most valuable assets go up and down our office elevators every day. We invest in top talent, which aligns perfectly with CFA Institute programs. The perspectives these young competitors will bring to investment management will be crucial to our industry’s future.”
Keshav Rajagopalan, Vice President and Institutional Client Director, Institutional Relationship Group, PGIM, said “Each step of the way, participants in the challenge learn skills that will not only lead to exciting careers in financial services but will also teach them how to impact the world in much broader ways.”
In 2020, due to the impacts of COVID-19, all competitions will take place virtually using web-based technologies. There will be regional competitions for participants in Seoul, Korea; Sweimeh, Jordan; and New York City, with the global finals on April 22nd. PGIM has produced a virtual resource hub available to all participants and aspiring investment professionals, with short tutorials and presentations.
PGIM, the global asset management business of Prudential Financial, ranks among the top 10 largest asset managers in the world with more than USD1.3 trillion in assets under management as of Dec. 31, 2019. With offices in 16 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives, according to the firm’s biography.
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