Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Pru Execs Discuss the World Economy Over Lunch -- Plus Ice Cream Not Rated 4.0 Email Routing List Email & Route  Print Print
Wednesday, June 27, 2012

Pru Execs Discuss the World Economy Over Lunch -- Plus Ice Cream

Reported by Chris Cumming

About fifty journalists made it to Prudential's [profile] midyear conference on the global economic outlook, held at the Millennium Broadway Hotel in midtown Manhattan on Tuesday. Those who attended got a detailed discussion of how Pru hopes to ride out the global economic turmoil, a chance to share lunch with Pru execs, and, as promised in the invite, some top-shelf ice cream served with substantial trimmings.

"Muddle through" was the phrase of the day. Slowing growth in the U.S. and danger of a breakup of the euro zone dominated discussion at the press conference, which featured Pru execs Ed Keon, a quant PM, Michael Lillard, CIO for fixed income, John Praveen, chief strategist for international investments, Kevin Smith, head of U.S. business for real estate investment, and Quincy Krosby, chief market strategist for annuities.

Discussing their outlook for the next six months, they offered a modest counter to popular doom-heavy predictions of the euro zone's breakup and the U.S.'s approach toward a fiscal cliff -- the consensus was that both Europe and the U.S. would be continue to "kick the can down the road" for a while longer.

Kevin Smith likened the world economy to the story of Goldilocks -- not too cold, not too hot -- an analogy so many other speakers picked up on that chief communications officer Bob DeFillippo quipped, "Any reference to Disney does not constitute a recommendation to invest."

During the question-and-answer session with the press, Keon was asked for specific investment advice, and cracked that he "can't name names, or our compliance people will probably put a hit out on me." Near the end of the session, an Italian journalist asked what effect the U.S. presidential election might have on the markets. Praveen waxed hopeful that whoever wins would be able to encourage the markets by breaking through the partisan deadlock in Washington.

"Good luck," Ed Keon interjected.

After the press conference, the assembled reporters, including representatives from Reuters, Bloomberg, and other outlets, sat down for a lunch of sandwiches and snacks with a handful of Pru execs. A friendly and informative event. Let's hope the next six months justify the cautiously un-gloomy outlook of these Prudential chiefs. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. IMEA webinar - Catch the AI Wave: A Practical Guide to Moving From Experimentation to Impact, August 4
  2. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  3. Samfund Soiree Boston 2025, August 21
  4. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  5. ICI ETF Conference, Sep 8-10
  6. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  7. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  8. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  9. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  10. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  11. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  12. IMEA Portfolio Construction Roundtable, September 24
  13. Expect Miracles Atlantic Coast Classic 2025, September 29
  14. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  15. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  16. 10th annual Fuse Forum, October 8
  17. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  18. 2025 MMI Annual Conference, Oct 15-17
  19. MFDF webinar - Series Trust Funds - Effective Board Relationships with Advisers, October 15
  20. MFDF In Focus webinar - Audit Committee Chair, November 5
  21. 2025 Nicsa Asset & Wealth Management Summit, Nov 11-12
  22. MFDF webinar - Mutual Fund CCO Compensations: The MPI Annual Survey Update, November 13
  23. MFDF 2026 Directors' Institute, January 26 - 28, 2026
  24. MFDF 2026 Fund Governance & Regulatory Insights Conference, March 5 - 6, 2026




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use