Advanced Series Trust AST Academic Strategies Asset ... - Prudential
Advanced Series Trust AST Academic Strategies Asset ... - Prudential
Advanced Series Trust AST Academic Strategies Asset ... - Prudential
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>AST</strong> First <strong>Trust</strong> Balanced Target Portfolio<br />
<strong>AST</strong> First <strong>Trust</strong> Capital Appreciation Target Portfolio<br />
Robert F. Carey, Roger F. Testin, Jon C. Erickson, David G. McGarel, Todd Larson (fixed income portfolios of <strong>AST</strong> First <strong>Trust</strong> Balanced<br />
Target Portfolio and <strong>AST</strong> First <strong>Trust</strong> Capital Appreciation Target Portfolio only) and Daniel J. Lindquist comprise the Investment<br />
Committee of First <strong>Trust</strong> that is responsible for the day-to-day management of each Portfolio.<br />
Mr. Lindquist rejoined First <strong>Trust</strong> as Vice President in April 2004 and has been a Senior Vice President of First <strong>Trust</strong> and FTP since<br />
September 2005. Mr. Lindquist is Chairman of the Investment Committee and presides over Investment Committee meetings.<br />
Mr. Carey has been with First <strong>Trust</strong> since 1991 and is the Chief Investment Officer and a Senior Vice President of First <strong>Trust</strong> and a<br />
Senior Vice President of FTP. As First <strong>Trust</strong>’s Chief Investment Officer, Mr. Carey consults with the Investment Committee on market<br />
conditions and First <strong>Trust</strong>’s general investment philosophy.<br />
Mr. Erickson has been with First <strong>Trust</strong> since 1994 and is a Senior Vice President of First <strong>Trust</strong> and FTP. As the head of First <strong>Trust</strong>’s Equity<br />
Research Group, Mr. Erickson is responsible for determining the securities to be purchased and sold by funds that do not utilize<br />
quantitative investment strategies.<br />
Mr. McGarel has been with First <strong>Trust</strong> since 1997 and is a Senior Vice President of First <strong>Trust</strong> and FTP. As the head of First <strong>Trust</strong>’s<br />
Strategy Research Group, Mr. McGarel is responsible for developing and implementing quantitative investment strategies for those<br />
funds that have investment policies that require them to follow such strategies.<br />
Mr. Testin has been with First <strong>Trust</strong> since August 2001 and is a Senior Vice President of First <strong>Trust</strong> and FTP. As the head of First <strong>Trust</strong>’s<br />
Portfolio Management Group, Mr. Testin is responsible for executing the instructions of the Strategy Research Group and Equity<br />
Research Group in the fund’s portfolio.<br />
Mr. Larson joined First <strong>Trust</strong> in December 2007 and is a Vice President and Fixed Income Portfolio Manager of First <strong>Trust</strong>. Mr. Larson’s<br />
background includes 20 years of experience as an investment professional, including as a portfolio manager with ABN AMRO <strong>Asset</strong><br />
Management, Horizon Cash Management, and Van Kampen American Capital. Mr. Larson is responsible for managing each of the<br />
<strong>AST</strong> First <strong>Trust</strong> Balanced Target and <strong>AST</strong> First <strong>Trust</strong> Capital Appreciation Target Portfolios fixed-income portions.<br />
<strong>AST</strong> Global Real Estate Portfolio<br />
The Portfolio is managed by a team of portfolio managers from PREI. The members of the team are Marc Halle, Richard J. Romano,<br />
Joanna Mulford, and Gek Lang Lee.<br />
Mr. Halle is Senior Portfolio Manager for the Portfolio. Each Portfolio Manager has a primary responsibility for choosing securities in<br />
their respective region or sector as follows: Mr. Romano - United States, Ms. Mulford – private real estate-related securities, and Ms.<br />
Lee - Asia.<br />
Marc Halle is a Managing Director for PREI, where he is responsible for certain U.S. Merchant Banking activities and oversees PREI’s<br />
public real estate securities investments in the U.S., Europe and Asia. Mr. Halle is also a portfolio manager for the PRECO series of<br />
real estate private equity funds and is the senior portfolio manager for global real estate securities funds. Mr. Halle joined <strong>Prudential</strong><br />
in 1999 from Alpine Management Research, LLC where he was the Chief Operating Officer and Portfolio Manager of the Alpine<br />
Realty Income Growth Fund. Prior to forming Alpine, Mr. Halle was the senior real estate analyst and associate portfolio manager<br />
with Evergreen <strong>Asset</strong> Management, Inc., where he was jointly responsible for research, investment analysis and portfolio<br />
recommendations for real estate securities. Previously, Mr. Halle was Senior Vice President of W M Properties, Inc, a national real<br />
estate investment firm that held interests in office, multifamily and retail properties, where he was responsible for acquisitions and<br />
finance as well as for supervising property operations and development.<br />
Richard J. Romano is a Principal for PREI, responsible for management of PREI’s U.S. public securities investments. Mr. Romano<br />
joined <strong>Prudential</strong> in 1998 from Rockefeller Co., an investment management firm for the Rockefeller family and other high net worth<br />
clients, where he was an equity analyst covering real estate and leisure stocks globally in addition to covering domestic equity<br />
securities. Prior to joining Rockefeller Co., Mr. Romano was a senior investment analyst at the <strong>Prudential</strong> Realty Group.<br />
Joanna Mulford is a Principal and Portfolio Manager of PREI, with portfolio management responsibility (since 2004) for a private REIT,<br />
a co-investment real estate program with an off-shore investor, and various commercial real estate properties. She joined PREI in<br />
1997 from <strong>Prudential</strong>’s Private Equity Group, where she was responsible for enterprise-wide reporting on domestic and global<br />
296