BOSTON, May 12, 2014 /PRNewswire/ -- John Hancock Investments has hired Baillie Gifford Overseas Limited ("Baillie Gifford") to manage the John Hancock Select Growth Fund (Class A ticker: RGROX), formerly known as the John Hancock Rainier Growth Fund. The manager appointment and name change were approved by the Fund's Board of Trustees in March, and were effective at the close of business on April 17, 2014. The Fund will continue to be managed as a large cap growth portfolio. "We are pleased to announce Baillie Gifford as manager of the John Hancock Select Growth Fund, and view this latest appointment as yet another example of our commitment to make institutional-caliber asset managers available to our individual investors," said Andrew G. Arnott, President & CEO, John Hancock Investments. "Founded in 1908, Baillie Gifford is an established and long-standing independent asset management partnership. Their singular focus on long-term investment results for clients and the depth of their research capabilities make them an ideal partner for John Hancock Investments," Mr. Arnott added. "As an asset manager, our goals are aligned with our shareholders. Our 'manager of managers' approach allows us to search the globe to find portfolio management teams with a consistent and repeatable process who are focused on delivering competitive returns on a risk-adjusted basis," said Leo Zerilli, who runs the Investment Division at John Hancock Investments. "In this case, it led us to Scotland and Baillie Gifford, who has demonstrated skill investing in U.S. equity markets, taking advantage of the fact that global economies are interconnected and that nearly 50 percent of the revenue derived by S&P 500 companies comes from outside the U.S." Ian Tabberer serves as portfolio manager of the Fund. He joined Baillie Gifford in 2008, and is Co-Head of the North American Equities team. The John Hancock Select Growth Fund's investment objective is to seek to maximize long-term capital appreciation. Tabberer looks to invest in companies with favorable industry outlook, sustainable competitive advantages, financial strengths and quality. The team believes that investing in companies with above average and sustainable earnings growth allows for the compounding of earnings. The Fund is a high conviction strategy based on bottom-up fundamental analysis, will typically hold between 40-50 securities, and have a high active share.