Keep pulling the thread on Jeffrey Becker.
Jeffrey Becker's base case economic forecast is for the Federal Reserve to implement two interest rate cuts.
During the 2008 financial crisis, ING Group took a loan from the Dutch government to improve its tier one capital ratios after becoming overexposed to mortgages.
As a condition of its 2008 government bailout from the Netherlands, ING Group agreed to sell its U.S. businesses.
Jennison Associates manages over $200 billion in assets.
In 2003, ING acquired the financial businesses of Aetna, which included its life insurance, retirement, and asset management divisions.
As part of its acquisition strategy, ING Group acquired approximately six asset management brands, including Altus, Pilgrim, Furman Sells, Lexington Partners, and Reliostar Research.
Jennison Associates' value investing strategy focuses on identifying companies with temporarily depressed earnings that are expected to recover, rather than a deep value or "fallen angel" strategy.
Jeffrey Becker does not foresee a severe recession on the horizon.
Jennison Associates offers a "brown to green" investment strategy, also known as a carbon solution strategy, which is in demand in Europe.
Jennison Associates has a $50 billion fixed income division based in Boston.
Jeffrey Becker predicts that U.S. economic growth is likely to slow down from its recent high levels.
Jeffrey Becker believes a multi-boutique asset management model, like that of PGIM, offers the benefits of specialized investment teams combined with the capital and global distribution of a large parent company.