Advanced Series Trust AST Academic Strategies Asset ... - Prudential
Advanced Series Trust AST Academic Strategies Asset ... - Prudential
Advanced Series Trust AST Academic Strategies Asset ... - Prudential
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corporate strategies as well as corporate security selection in Intermediate multi-sector, Core, and Core Plus portfolios. He has<br />
specialized in corporate bonds since 1990. From 1983 to 1990, Mr. Dalrymple was a money markets portfolio manager. He joined<br />
<strong>Prudential</strong> Financial in 1979 as a securities lending trader and a bank analyst. Mr. Dalrymple received a BS in Finance from the<br />
University of Delaware and an MBA in Finance from Rutgers University.<br />
<strong>AST</strong> Cohen & Steers Realty Portfolio<br />
The portfolio managers responsible for the day-to-day management of the Portfolio are: Martin Cohen, Robert H. Steers, Joseph M.<br />
Harvey and Jon Y. Cheigh, CPA.<br />
Martin Cohen, co-chairman and co-CEO, is a senior portfolio manager for all of Cohen & Steers’ portfolios and a member of the<br />
firm’s investment committee. He has 31 years of experience. Prior to co-founding the firm in 1986 with Mr. Steers, Mr. Cohen was a<br />
senior vice president and portfolio manager at National Securities and Research Corporation from 1984 to 1986, where, in 1985, he<br />
and Mr. Steers organized and managed the nation’s first real estate securities mutual fund. Mr. Cohen has a BS degree from the City<br />
College of New York and an MBA degree from New York University. He has served as a member of the Board of Governors of the<br />
National Association of Real Estate Investment <strong>Trust</strong>s. In 2001, he was the recipient of the National Association of Real Estate<br />
Investment <strong>Trust</strong>s Industry Achievement Award. He is based in New York.<br />
Robert H. Steers, co-chairman and co-CEO, is a senior portfolio manager for all of Cohen & Steers’ portfolios and a member of the<br />
firm’s investment committee. He has 30 years of experience. Prior to co-founding the firm in 1986 with Mr. Cohen, Mr. Steers was a<br />
senior vice president and the chief investment officer of National Securities and Research Corporation from 1982 to 1986, where, in<br />
1985, he and Mr. Cohen organized and managed the nation’s first real estate securities mutual fund. Mr. Steers has a BS degree from<br />
Georgetown University and an MBA degree from George Washington University. He is based in New York.<br />
Joseph M. Harvey, president, is global chief investment officer and senior portfolio manager for all of Cohen & Steers’ portfolios and a<br />
member of the firm’s investment committee. He has 20 years of experience. Prior to joining the firm in 1992, Mr. Harvey was a vice<br />
president with Robert A. Stanger Co. for five years, where he was an analyst specializing in real estate and related securities for the<br />
firm’s research and consulting activities. Mr. Harvey has a BSE degree from Princeton University. He is based in New York.<br />
Jon Y. Cheigh, CPA, senior vice president, is a portfolio manager for Cohen & Steers’ U.S. Realty Total Return portfolios. He has 12<br />
years of experience. Prior to joining the firm in 2005, Mr. Cheigh was a vice president and senior REIT analyst for two years at<br />
Security Capital Research Management. Previously, he was a vice president of real estate acquisitions at InterPark and an acquisitions<br />
associate at Urban Growth Property <strong>Trust</strong>, two privately held REITs. Mr. Cheigh has a BA cum laude from Williams College and an<br />
MBA degree from the University of Chicago. He is based in New York. He has been managing the Portfolio since March 2008.<br />
Cohen & Steers utilizes a team-based approach in managing the Fund. Mr. Cohen, Mr. Steers and Mr. Harvey are the leaders of this<br />
team. Mr. Cheigh directs and supervises the execution of the Fund’s investment strategy.<br />
<strong>AST</strong> Dynamic <strong>Asset</strong> Allocation Portfolios<br />
<strong>AST</strong> Aggressive <strong>Asset</strong> Allocation Portfolio<br />
<strong>AST</strong> Balanced <strong>Asset</strong> Allocation Portfolio<br />
<strong>AST</strong> Capital Growth <strong>Asset</strong> Allocation Portfolio<br />
<strong>AST</strong> Preservation <strong>Asset</strong> Allocation Portfolio<br />
PI typically uses teams of portfolio managers and analysts to manage each Portfolio. The following portfolio managers share overall<br />
responsibility for coordinating the Portfolios’ activities, including determining appropriate asset allocations and Underlying Portfolio<br />
weights, reviewing overall Portfolio compositions for compliance with stated investment objectives and strategies, and monitoring<br />
cash flows.<br />
PI<br />
Brian Ahrens is a portfolio manager for the <strong>AST</strong> Dynamic <strong>Asset</strong> Allocation Portfolios and Senior Vice President and Head of the<br />
Strategic Investment Research Group of <strong>Prudential</strong> Investments. He focuses on portfolio risk oversight, manager fulfillment, and the<br />
allocation of assets among managers. Mr. Ahrens oversees a staff of 17 investment professionals who focus on investment consulting,<br />
portfolio construction, and risk oversight activities. Currently, this team consults on over $250 billion in total assets and assists in the<br />
management of almost $13.1 billion in asset allocation portfolios. Mr. Ahrens has been with <strong>Prudential</strong> for over 15 years. Mr. Ahrens<br />
earned his M.B.A. in Finance from the Stern School of Business at New York University. He graduated from James Madison University<br />
with a double major in Finance and German. He is series 7, series 24 and series 63 certified, CIMA certified, and presently a<br />
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