General Investing >> Money Manager Interviews >> April 20, 1998

Steven Auth – Prudential Investment

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
TWST: Why don't we start by your giving to us a description or profile

of your firm and your responsibilities at that firm?

Mr. Auth: Prudential Investments is a large money manager. I run