- Expands equity capabilities with veteran team managing Small Cap Value and
Small Cap Core Strategies
- Follows series of acquisitions adding Global Core Equity, International
Value, U.S. Core/Value, U.S. Large Cap Growth, and Canadian Core Equity
managers over the past two years
BOSTON, March 26, 2013 /CNW/ - Manulife Asset Management has expanded its
global equity capabilities with the creation of a new U.S. Small Cap equity
team that moved to the firm from UBS Global Asset Management. Bill Talbot,
CFA, Senior Managing Director and Senior Portfolio Manager, leads the team,
which also includes Joseph Nowinski, Managing Director and Portfolio Manager;
Travis Schaftenaar, CFA, CPA, Director and Senior Investment Analyst; and
Vikram Kaura, Director and Senior Investment Analyst. The team reports to
Christopher Conkey, Global Chief Investment Officer of Manulife Asset
Management, and is based in Chicago, Illinois.
"Bill and the new team bring to Manulife Asset Management an established track
record of outperformance in the small cap equity space," said Mr. Conkey.
"Adding their considerable investment management strengths represents a
significant step forward in expanding our U.S. small cap equity capabilities.
We believe their fundamentally-oriented investment process and diligent risk
management practices is a strong cultural fit with Manulife Asset Management's
growing equity strategy lineup."
The new small cap team employs a disciplined bottom-up fundamental research
approach, based on the belief that investing in small cap stocks with cash
flow and earnings growth visibility, attractive valuations and manageable risk
over the long-term will result in outperformance. The approach has led to
proven results. In the Q4 2012 published rankings by eVestment, their US Small
Cap Value strategy ranked in the first or second quartile for the one, three
and five years ending December 31, 2012. Similarly, their US Small Cap Core
Equity strategy ranked either first or second quartile for the one, three,
five and seven years ending December 31, 2012.
Mr. Talbot, a 24-year industry veteran, joins Manulife Asset Management from
UBS where since 1997 he focused exclusively on US small cap investing. His
responsibilities included fundamental and industry-level research for consumer
discretionary and utilities. Prior to UBS, he invested in private debt and
equity for the Travelers Companies. There he financed expansion, buyouts,
recapitalizations, and spin-offs. He initiated some of Travelers' earliest
non-US investments and represented the company on two private equity fund
advisory boards. Mr. Talbot is a graduate of Trinity College, and obtained a
MBA from the Tuck School at Dartmouth College.
Mr. Nowinski also joins from UBS where he was Co-Portfolio Manager of the U.S.
Small Cap Value Portfolio. His responsibilities included portfolio
construction and maintaining the integrity of the research process for the
small cap equity team. He focused exclusively on U.S. small cap investing
where his responsibilities included fundamental and industry-level research
for energy, materials and industrials. Prior to joining UBS in 2005, Mr.
Nowinski spent six years with Citigroup Global Asset Management as a senior
equity analyst, covering the retail, healthcare services, and REIT sectors. He
is a graduate of DePaul University.
Mr. Schaftenaar was with UBS prior to joining Manulife Asset Management,
working on small cap analysis of the healthcare sector, including
pharmaceuticals, medical equipment and biotechnology. Prior to joining UBS in
2004, he worked for Lincoln Capital Management, where he analyzed the retail
and consumer products industries. Mr. Schaftenaar also worked in public
accounting as a CPA for six years. He obtained a BA from Michigan State
University and an MBA from the University of Chicago.
Mr. Kaura also was previously with UBS, covering the small cap technology
sector. Prior to joining the UBS Small Cap Team in 2006, he spent six years as
a sell-side analyst focusing on technology stocks at RBC Capital Markets,
Piper Jaffray, and Collins Stewart, and also worked for ten years in
technology research and product development at GE and Rockwell Automation. He
obtained a BS from Panjab University (India), an MS from the University of
Wisconsin and an MBA from the University of Chicago.
The creation of Manulife Asset Management's new U.S. Small Cap Equity team
follows a series of recent additions of investment managers. Earlier this
month, Paul Boyne and Doug McGraw joined the firm, adding Global Core Equity
capabilities. A Canadian Core Equity team was launched by Monika Skiba, CFA in
October 2011. In July 2011, a group of investment management professionals
led by W. Shannon Reid, CFA, added U.S. Large Cap Growth capabilities. In
February 2011, the former Optique Capital team led by Wendell L. Perkins, CFA,
joined to deepen the firm's International Value Equity capabilities. And in
January 2011, veteran investment managers Walter T. McCormick, CFA, and Emory
W. (Sandy) Sanders, Jr., CFA, joined Manulife Asset Management to lead a new
U.S. Core Value Equity team.
Past performance is not indicative of future results.
About Manulife Asset Management Manulife Asset Management is the global asset
management arm of Manulife Financial. Manulife Asset Management provides
comprehensive asset management solutions for institutional investors and
investment funds in key markets around the world. Manulife Asset Management
also provides investment management services to affiliates' retail clients
through product offerings of Manulife and John Hancock. This investment
expertise extends across a broad range of asset classes including equity,
fixed income and alternative investments such as real estate, timber,
farmland, as well as asset allocation strategies.
Manulife Asset Management has offices with full investment capabilities in the
United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore,
Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In
addition, it has a joint venture asset management business in China, Manulife
TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay.
John Hancock Asset Management, Hancock Natural Resource Group and Declaration
Management and Research are units of Manulife Asset Management. As at December
31, 2012, assets under management were C$237.6 billion. Additional information
about Manulife Asset Management may be found at ManulifeAM.com.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. Clients look to
Manulife for strong, reliable, trustworthy and forward-thinking solutions for
their most significant financial decisions. Our international network of
employees, agents and distribution partners offers financial protection and
wealth management products and services to millions of clients. We also
provide asset management services to institutional customers. Funds under
management by Manulife Financial and its subsidiaries were C$532 billion
(US$535 billion) as at December 31, 2012. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the United
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and
under '945' on the SEHK. Manulife Financial may be found on the Internet at
Beth McGoldrick, 617-663-4751, firstname.lastname@example.org
SOURCE: Manulife Asset Management
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CO: Manulife Asset Management
NI: FIN 2575 WNEWS MNA
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