Junying Shen

PGIM-IAS

Vice President

Prudential Tower

655 Broad Street, 19th Floor

Newark, NJ 07102

United States

SCHOLARLY PAPERS

11

DOWNLOADS
Rank 31,559

SSRN RANKINGS

Top 31,559

in Total Papers Downloads

3,446

TOTAL CITATIONS

9

Scholarly Papers (11)

1.

US Stock-Bond Correlation: What are the Macroeconomic Drivers?

PGIM IAS - May 2021
Number of pages: 24 Posted: 28 May 2021 Last Revised: 02 Jun 2021
Junying Shen and Noah Weisberger
PGIM-IAS and PGIM-IAS
Downloads 1,806 (20,519)
Citation 2

Abstract:

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IAS, PGIM, PGIM IAS, Institutional Advisory & Solutions, Portfolio construction, Stock, Bond, Correlation, Macroeconomic, Macroeconomic Drivers, Correlation Regime, Negative Correlation, Positive Correlation, Monetary Policy, Fiscal Policy, Institutional Portfolios, Asset Allocation, Returns

2.

Building a Better Portfolio: Balancing Performance and Liquidity - Executive Summary

View new research: "Harnessing the Potential of Private Assets: A Framework for Institutional Portfolio Construction," PGIM IAS, June 2021. Available here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3877588 , Full Text Journal Article: "Asset Management and Private Market Investing,” The Journal of Portfolio Management Multi-Asset Special Issue 2021, 47 (4) 71-82 , DOI: https://doi.org/10.3905/jpm.2021.1.211
Number of pages: 4 Posted: 11 Nov 2020 Last Revised: 14 Sep 2021
PGIM-IAS, GIC Private Limited, GIC, Independant, PGIM-IAS and GIC
Downloads 389 (162,574)

Abstract:

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PGIM, PGIM IAS, PGIM Institutional Advisory & Solutions, PGIM Institutional Advisory & Solutions (IAS), portfolio construction, portfolio allocation, private assets, liquidity risk, asset allocation, commitment strategy, public market equivalent, Takahashi and Alexander, pacing strategy, PME

3.

Harnessing the Potential of Private Assets: A Framework for Institutional Portfolio Construction

PGIM IAS - June 2021
Number of pages: 23 Posted: 13 Jul 2021 Last Revised: 01 Mar 2023
PGIM-IAS, PGIM-IAS, GIC Private Limited and GIC
Downloads 322 (199,842)
Citation 3

Abstract:

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PGIM, PGIM IAS, institutional portfolios, institutional investors, illiquid private assets, CIOs, asset allocation, returns, liquidity structure, defined benefit plans, private investing, multi-asset, glide paths, liquidity risk, cash flow, private credit, private equity, real estate, PE funds, capi

4.

Building Portfolios with Infrastructure: Performance, Cash Flows & Portfolio Allocation

PGIM IAS - November 2022
Number of pages: 44 Posted: 09 Dec 2022
Junying Shen and Frederic Blanc-Brude
PGIM-IAS and EDHEC Business School - EDHEC Infrastructure & Private Assets Research Institute
Downloads 222 (291,914)

Abstract:

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Megatrends, PGIM, Private Markets, Asset Allocation, Public Markets, Alternatives, Credit, Private Equity, Portfolio, Portfolio Implications, PGIM IAS, Infrastructure, liquidity, liquidity risk, illiquid investments

5.

The Rebalancing Conundrum: Private Equity Valuations and Market Dislocations

PGIM IAS - December 2021
Number of pages: 15 Posted: 27 Jan 2022 Last Revised: 16 Feb 2022
Junying Shen and Michelle Teng
PGIM-IAS and PGIM-IAS
Downloads 208 (310,688)
Citation 1

Abstract:

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PGIM, PGIM IAS, PGIM Institutional Advisory & Solutions, institutional investors, portfolio construction, multi-asset portfolio, asset allocation, cash flows, private equity, private equity valuation, denominator effect , portfolio rebalancing, liquidity risk, market dislocation, pacing strategy

6.

The Tradeoff between Liquidity and Performance: Private Assets in Institutional Portfolios

PGIM IAS - January 2019
Number of pages: 32 Posted: 26 Aug 2021
Junying Shen and Michelle Teng
PGIM-IAS and PGIM-IAS
Downloads 129 (468,493)
Citation 1

Abstract:

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PGIM, PGIM IAS, institutional portfolios, institutional investors, illiquid private assets, CIOs, asset allocation, portfolio construction, returns, diversification, private investing, multi-asset, private credit, private equity, real estate, liquidity requirement, cash flow, pension plan, PME, LP

7.

Asset Allocation for “End-State” Portfolios

PGIM IAS - September 2019
Number of pages: 28 Posted: 11 Nov 2020 Last Revised: 04 Aug 2021
Michelle Teng and Junying Shen
PGIM-IAS and PGIM-IAS
Downloads 116 (508,603)
Citation 2

Abstract:

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PGIM, PGIM IAS, portfolio construction, end-state, portfolio allocation, private assets, liquidity risk, pension run-off, defined benefit plans, funding ratio, illiquid assets, corporate pensions, funded status, pension funds, asset allocation, scenario analysis, capital market expectations

8.

Riders in the Storm: How Volatility Events Affect Private Asset Class Performance

PGIM IAS - June 2020
Number of pages: 8 Posted: 06 Jan 2021
Junying Shen
PGIM-IAS
Downloads 85 (628,637)

Abstract:

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volatility shocks; volatility spikes; volatility events; volatility; private assets; real estate; private equity; private credit; VIX; portfolio rebalancing; portfolio strategy; PGIM; IAS, PGIM, PGIM Institutional Advisory & Solutions, Institutional Advisory & Solutions, PGIM IAS

9.

Building Portfolios with Infrastructure: An Extended Summary

PGIM IAS - December 2023
Number of pages: 11 Posted: 11 Dec 2023
PGIM-IAS, EDHEC Business School - EDHEC Infrastructure & Private Assets Research Institute and PGIM - IAS
Downloads 77 (665,543)

Abstract:

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PGIM IAS, portfolio risk, infrastructure, asset allocation, portfolio construction, CIOs, CFOs, macroeconomic, risk, risk management, private assets, private markets

10.

Cenland Corporation (I): The CIO and the Closing of the DB Plan

PGIM IAS Case Study - December 2019
Number of pages: 19 Posted: 08 Feb 2021 Last Revised: 26 May 2022
Michelle Teng, Junying Shen and Vishv Jeet
PGIM-IAS, PGIM-IAS and Independant
Downloads 48 (845,377)

Abstract:

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IAS, PGIM, Active management, Asset management, Portfolio Construction, Asset Allocation, Corporate pension plans, DB plans, Defined benefit plan, Closing DB plans, Closed pension plan, Public assets, Private assets, Real estate, Illiquid assets, MBA case study, De-risking strategies, Liquidity risk

11.

Cenland Corporation (II): The CIO and the Freezing of the DB Plan

PGIM IAS Case Study - December 2020
Number of pages: 19 Posted: 08 Feb 2021 Last Revised: 06 Dec 2022
Michelle Teng and Junying Shen
PGIM-IAS and PGIM-IAS
Downloads 44 (878,639)

Abstract:

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IAS, PGIM, Active management, Asset management, Portfolio Construction, Asset Allocation, Corporate pension plans, DB plans, Defined benefit plan, Frozen DB plans, Frozen pension plan, Public assets, Private assets, Illiquid assets, MBA case study, De-risking strategies, Liquidity risk