Bruce Phelps is Managing Director and Head of Institutional Advisory & Solutions Group at PGIM, the global investment management businesses of Prudential Financial. He leads the IAS team in publishing research and advises PGIM’s global clients on asset allocation, portfolio construction, investing in real assets, and other portfolio management challenges. Prior to joining PGIM, he served as Managing Director in the Quantitative Portfolio Strategy Group at Barclays Capital, where he conducted client-based research on asset allocation, alternative benchmarks, risk modeling, liquidity management and evaluation of investment strategies. Before that, he was Managing Director and Portfolio Manager for Lehman Ark Asset Management, responsible for managing MBS and structured product portfolios and developing rush and performance attribution models.