Dino Capasso
About Dino Capasso
Dino Capasso (born 1974) serves as Chief Compliance Officer (CCO) of PGIM Short Duration High Yield Opportunities Fund (SDHY); his current tenure at the Fund began in July 2024 after returning to PGIM following a period at T. Rowe Price . He previously served as CCO for SDHY and multiple PGIM funds from the Fund’s inception (2020) through April 2022, and held senior compliance and legal roles at PGIM Investments and Pacific Investment Management Company (PIMCO) . Capasso’s remit spans compliance leadership across large, multi-fund complexes, including the PGIM Retail Funds, Prudential Annuities Funds and PGIM Alternatives Funds, reflecting deep execution experience in regulated investment vehicles .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PGIM Investments LLC & PGIM fund complexes | Chief Compliance Officer (Retail Funds, Prudential Annuities Funds) | Jul 2019–Apr 2022 | Led compliance for multi-fund complexes (PGIM Retail and Prudential Annuities Funds) . |
| PGIM Investments LLC & AST Investment Services, Inc. | Vice President and Deputy Chief Compliance Officer | Jun 2017–Sep 2019 | Senior compliance leadership prior to promotion to CCO . |
| Pacific Investment Management Company LLC (PIMCO) | Senior Vice President and Senior Counsel | Jan 2016–Jun 2017 | Senior legal counsel at a large fixed income asset manager . |
| Pacific Investment Management Company LLC (PIMCO) | Vice President and Counsel | Feb 2012–Dec 2015 | Legal counsel supporting investment management operations . |
| T. Rowe Price Associates, Inc. & T. Rowe Price Investment Management, Inc. | Chief Compliance Officer and Vice President (mutual fund complex) | May 2022–May 2024 | CCO across T. Rowe Price mutual fund complex, indicating cross-complex compliance expertise . |
| PGIM Investments LLC (return) | Vice President | Since Jun 2024 | Returned to PGIM; resumed senior compliance responsibilities . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| T. Rowe Price Associates, Inc.; T. Rowe Price Investment Management, Inc. | Chief Compliance Officer & Vice President | May 2022–May 2024 | Oversaw compliance for T. Rowe mutual fund complex . |
| Pacific Investment Management Company LLC (PIMCO) | Senior VP & Senior Counsel; VP & Counsel | 2012–2017 (see detail above) | Senior legal roles in fixed income asset management . |
Fixed Compensation
PGIM Investments (the Fund’s Manager) pays all compensation and expenses of officers and employees of the Fund. Officers do not receive compensation directly from PGIM Investments–managed funds .
| Component | SDHY Disclosure | Notes |
|---|---|---|
| Base Salary | Not disclosed at fund level | Paid by PGIM Investments, not the Fund . |
| Target Bonus % | Not disclosed at fund level | No officer compensation table in the proxy . |
| Actual Bonus Paid | Not disclosed at fund level | — |
| Perquisites | Not disclosed at fund level | — |
| Pension/SERP | Not disclosed at fund level | — |
| Deferred Compensation | Not disclosed for officers; only Independent Board Members may defer fees with specific terms noted (board-only) | Applies to Independent Board Members, not officers . |
Performance Compensation
No performance-based pay elements (PSUs, options, TSR/EBITDA targets) are disclosed for Fund officers; compensation is paid by PGIM Investments and not itemized in Fund filings .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | — |
Equity Ownership & Alignment
| Item | SDHY Disclosure | Notes |
|---|---|---|
| Total Beneficial Ownership (shares) | No Form 3 identified for Dino Capasso in SDHY filings searched; not disclosed | Targeted search did not return a Capasso Form 3; other officers (e.g., Isabelle Sajous, then-CCO) filed Form 3 with “No securities are beneficially owned” . |
| Ownership as % of Shares Outstanding | Not disclosed | — |
| Vested vs. Unvested Shares | Not disclosed | — |
| Options (exercisable/unexercisable) | Not disclosed | — |
| Shares Pledged as Collateral | Not disclosed | — |
| Stock Ownership Guidelines (officers) | Not disclosed | Proxies discuss board compensation; officer details not provided . |
Employment Terms
| Term | SDHY Disclosure | Notes |
|---|---|---|
| Employment Start Date (current stint) | Since July 2024 (Fund Officer) | Returned to PGIM as VP in June 2024; CCO since July 2024 . |
| Years in Current Role | Began July 2024 | — |
| Contract Term/Expiration | Not disclosed at fund level | Officers are PGIM employees; fund does not report their contracts . |
| Severance/Change-of-Control Provisions | Not disclosed at fund level | No single/double-trigger or multiples disclosed for officers . |
| Clawbacks/Gross-ups | Not disclosed at fund level | — |
| Non-compete/Non-solicit/Garden leave | Not disclosed at fund level | — |
| Post-termination consulting | Not disclosed at fund level | — |
Performance & Track Record
- Fund Officer timeline: CCO at SDHY since Fund inception (2020) through April 2022 ; CCO at T. Rowe Price mutual fund complex (May 2022–May 2024) ; rejoined PGIM as VP (June 2024) and CCO (July 2024) .
- Biographical remit encompasses CCO roles across PGIM Retail Funds, Prudential Annuities Funds and PGIM Alternatives Funds, indicating broad compliance leadership across complex fund structures .
Board Governance (context)
- The Board pays Independent Board Members and maintains standing committees including a Compliance Committee; officer compensation is borne by the Manager and not disclosed in Fund tables .
Investment Implications
- Compensation alignment: SDHY does not disclose officer pay components; officers are compensated by PGIM Investments, making pay-for-performance analysis at the Fund level infeasible for Dino Capasso .
- Insider selling pressure: No ownership disclosures or Form 3 for Capasso were found; context from another CCO (Isabelle Sajous) showed no beneficial ownership at the time, suggesting limited direct stock-linked selling pressure for Fund officers, but Capasso-specific ownership is not disclosed .
- Retention risk: Movement from PGIM to T. Rowe Price and back (2019–2022 PGIM; 2022–2024 T. Rowe; 2024 PGIM return) highlights market demand for his compliance expertise; current role since July 2024 anchors retention at PGIM .
- Trading signals: Absence of disclosed equity awards, options, or pledging for Capasso at the Fund level limits insider-driven trading signals; governance oversight continues via the Board’s Compliance Committee and Manager’s responsibility for officer compensation .