
Devang Gambhirwala
Managing Director and portfolio manager in PGIM's Quantitative Solutions Group with roughly 40 years at PGIM, specializing in quantitative equity and options-based defensive equity strategies.
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Feb 12, 2026 • 56min
Defensive Equity, Flex Options, and the Future of Quant at PGIM
Lorne Johnson, multi-asset researcher with global quant experience, and Devang Gambhirwala, veteran quantitative equity and options specialist, dive into options-based ETFs, flex options and defined‑outcome products. They discuss liquidity and execution in option markets. They also cover AI’s role in quant, macro risks like fiscal imbalances, and gold’s renewed portfolio role.


