QMA, the quantitative equity and global multi-asset solutions manager of PGIM, announced today acquisition of Wadhwani Asset Management, a London-based quantitative macro-focused investment management firm. Upon closing, WAM will become part of the QMA business. The acquisition will bolster QMA’s global build-out efforts, and QMA expects to invest significantly in further developing the WAM business. Financial terms were not disclosed. The existing WAM investment platform will operate independently of QMA’s investment platform, with WAM founder Dr. Sushil Wadhwani continuing to serve as its Chief Investment Officer. “I am pleased to announce the acquisition of Wadhwani Asset Management and look forward to working with Sushil and his team. Wadhwani Asset Management has significant experience and pedigree in systematic and quantitative macro investing, alongside Sushil’s sterling reputation as an economist, investor, and academic.”Andrew Dyson QMA CEO and Chairman.