General Investing >> Money Manager Interviews >> April 20, 1998
STEPHEN F. AUTH, CFA is Senior Managing Director of Prudential
Investments, a unit of Prudential Insurance Company of America, is
responsible for the management of all global equity portfolios for
Prudential and other institutional clients as well as the Prudential
Global Genesis, Prudential Pacific Growth, and Prudential Europe Growth
mutual funds. In 1986, Mr. Auth helped establish the Portfolio
Management Group, which sets investment policy and allocates assets for
the Company's $70 billion General Account. He also served as the
portfolio manager for Prudential's private placement ERISA product
called "Privest" and in this capacity helped construct a ground-breaking
co-investment agreement with a large US pension plan. In January, 1988,
Mr. Auth served on the Japan Task Force where he helped develop
Prudential's strategy for entering the Japanese investment management
marker. Mr. Auth moved to Prudential's Corporate Finance Group in 1988
and was promoted to Managing Director the following year. Mr. Auth
graduated Summa Cum Laude, Phi Beta Kappa, from Princeton University in
1978 and received his Masters of Business Administration, with High
Distinction, from Harvard University in 1985. At Harvard, the faculty
elected him a Baker Scholar as well as a Loeb Rhoads Fellow for
excellence in Corporate Finance. He earned his Chartered Financial
Analyst designation in 1989. Mr. Auth's first book, "The Ten Years'
War", was published in 1989 by Garland Publishing. The book is a fresh
look at the history of the French and Indian War in pre-revolutionary
America. In December, 1992 he co-authored the lead article in Japan's
Financial Analysts' Journal entitled "Japanese Asset Allocation and the
Small Cap Effect." He was appointed a member of the Advisory Council of
Princeton University's Department of History in 1993. Profile
of your firm and your responsibilities at that firm?
Mr. Auth: Prudential Investments is a large money manager. I run
