PGIM Expands Quant Team Amid AI Natural Language Processing Push

PGIM Inc.’s $100 billion quantitative solutions unit is looking to boost its AI capabilities with new hires to support investment research.

The $1.3 trillion New Jersey-based firm has appointed Chris Zani as portfolio manager for quantitative equity, and Claire Wang and Di Wang as vice presidents for multi-asset, according to a statement shared with Bloomberg.

“We are trying to invest a lot on research and some of the people we hire have this background in natural language processing,” said Marco Aiolfi, head of multi-asset at PGIM Quantitative Solutions, in an interview. “It’s one of the most interesting applications ...