Jennison’s investing approach is rooted in our fundamental research and security selection; all of our portfolios are built from the bottom-up, security by security and our own internal research underlies all our investment decisions
For our equity teams, research is conducted by sector-expert analysts who conduct deep research and view the world through the lens of their particular investment strategy. Research is not a centralized function at Jennison. Our analysts’ on-the-ground
process includes on-site meetings with a company’s senior leadership, customers, suppliers, and competitors, and evaluating financial statements, all of which inform their fundamental outlooks and earnings models. At the same time, knowledge, insights and perspective for each team are shared freely and rapidly across the equity groups. This deep perspective, coupled with cross-team collaboration, ensures that only high-quality recommendations are presented to portfolio managers. Jennison is unique in that the research analyst position is revered in its own right, as our analysts have the same professional opportunities as our portfolio managers.
Our deeply experienced and long tenured portfolio management and trading teams conduct all of our research in our Boston office. Credit portfolio managers cover different sectors and are responsible for analyzing and selecting securities within their sectors. Rates portfolio managers develop yield curve and futures strategies and structured securities research is performed by several portfolio managers on the rates and credit team. We strive to be the best manager within the high quality domestic market, with a bottom-up approach where individual issue/credit decisions are a critical part of our value added and where mitigation of downside risk is a main focus.