Manulife Asset Management won a series of institutional mandates during the first quarter of 2014, which brought in more than US$2.5 billion ($2.7 billion) in new assets.
Notably, a US$1.2-billion ($1.3-billion) global equity mandate was awarded by St. James’s Place, a wealth management firm based in London, U.K. The St. James’s Place mandate will be managed by Manulife Asset Management’s global equity team, led by Paul Boyne and Doug McGraw.
Sales for Manulife Asset Management were diversified across various asset classes and regions. Wins in North America included several new allocations to the firm’s strategic fixed income strategy, managed by Daniel S. Janis III, Thomas Goggins and Kisoo Park, as well as mandates to the firm’s total return bond strategy, managed by Peter Farley, Bond Griffin and Jeffrey Given.
Significant new mandates were awarded in Asia. These mandates came from diverse clients, including two sovereign wealth funds that invested in the U.S. large cap core strategy, managed by Walter McCormick and Emory (Sandy) Sanders. In addition, Manulife Asset Management was awarded several new asset allocation mandates across the region.
“We are honoured to be selected for these important investment mandates. As with all of our clients, we look forward to long business partnerships managing their assets,” says Christopher Conkey, Manulife Asset Management’s global chief investment officer.
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