Prudential Investments has launched a long-term growth equity fund that invests in companies from a broad range of countries, including emerging markets.
The fund, called Jennison Global Opportunities Fund, will be managed by the four-member global equity team of Jennison Associates, led by Mark Baribeau and will charge a management fee of 90 basis points. Another member of the management team is Tom Davis. Both Baribeau and Davis joined Jennison last year from Loomis Sayles & Co. While at Loomis, Baribeau was co-manager of its global growth and global equity opportunity focuses.