This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Manulife Asset Management Fixed Income Teams Awarded New Assets

BOSTON, Dec. 10, 2013 /PRNewswire/ -- Manulife Asset Management announced today that it has been awarded a new fixed income mandate from a U.S. public fund and also given additional funding from an existing U.S. public pension fund client.  The North Dakota State Investment Board, headquartered in Bismarck, approved a strategic allocation from its Permanent Fund, to be funded over time and managed by Manulife Asset Management's Securitized Assets team in its Total Return Bond Strategy. The Springfield-based Teachers' Retirement System of the State of Illinois significantly increased its allocation to the firm's Strategic Fixed Income Strategy, with an additional award of more than $200 million, which is managed by the firm's Global Multi-Sector team.

"We are honored to be selected by the North Dakota State Investment Board and to have received additional funding from Illinois Teachers. We are committed to providing superior investment management and client service to these important accounts," said Christopher Conkey, Global Chief Investment Officer. "Recently we have gained a good deal of momentum with our Strategic Fixed Income and Securitized Assets Strategies, as clients have increasingly sought creative investment solutions within the fixed income space."  

Portfolio managers Bond Griffin, Peter Farley and Jeff Given of Manulife Asset Management's Securitized Assets team are managing the North Dakota assignment.  The investment strategy for the Permanent Fund consists primarily of senior securitized assets of moderate duration across the residential and commercial mortgage areas. Over the past five years, the Securitized Assets team has managed four other strategies for North Dakota's Pension Fund ranging from distressed mortgages to high quality CMBS. The North Dakota Permanent Fund was created in 2010 to hold and invest tax revenue from oil and gas production in the state. The Securitized Assets team manages US$5.4 billion in assets.

The additional funding from Illinois Teachers' represents a follow-on investment into their Strategic Fixed Income portfolio which is managed by Daniel S. Janis III, Thomas Goggins and Kisoo Park of Manulife Asset Management's Global Multi-Sector team. The Strategic Fixed Income Strategy's investment team believes that by expanding the investment universe to include multiple sectors and currencies, it can increase the potential to add value through income generation and capital appreciation while at the same time, seeking to reduce volatility-related risk.  The team manages US$15 billion in assets globally.

About Manulife Asset Management

Manulife Asset Management is the global asset management arm of Manulife Financial, providing comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of public, private, and alternative asset classes, as well as asset allocation solutions. As at September 30, 2013, assets under management for Manulife Asset Management were C$265 billion (US $258 billion).

Manulife Asset Management's public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies.  Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management.

Additional information about Manulife Asset Management may be found at

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs