Both Prudential Investments of Newark, N.J., and Delaware Investments of Philadelphia have announced major realignments for their mutual fund management divisions. Prudential will be uniting two asset management divisions while Delaware will be separating its retail fund management business from its institutional business.

Prudential Investments, with more than 60 mutual funds, will be combining its public equity asset management unit with its wholly-owned subsidiary, Jennison Associate, an institutional money manager, of New York. The combined equity management unit will operate out of Jennison's New York offices.

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