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John Hancock Funding Administration has launched a brand new multi-asset credit score fund with its affiliated funding supervisor Manulife.
The fund will search to generate returns comprising each present earnings and capital appreciation, emphasizing present earnings with low volatility and low correlation to the broader markets.
It is going to make investments into multi-asset credit score methods and fixed-income asset lessons, together with sub-investment-grade property corresponding to loans and asset-backed securities.
Learn extra: Manulife to purchase Lord Hintze’s credit score investor CQS
Earlier this yr, Manulife accomplished the acquisition of multi-sector different credit score supervisor CQS, to create a brand new different funding model known as Manulife | CQS Funding Administration.
“We’re thrilled to showcase the funding experience at Manulife/CQS Funding Administration throughout the credit score house,” stated Kristie Feinberg, head of US and Europe, Manulife Funding Administration, and president and chief govt officer, John Hancock Funding Administration.
“By leveraging our expanded capabilities with the addition of the CQS group, we convey a semi-liquid different fund to advisors in an asset class that has seen latest progress in demand and will assist their shoppers obtain their monetary objectives.”
Learn extra: Manulife appoints BlackRock veteran as head of personal markets
“We’re excited to convey our multi-asset credit score capabilities to the John Hancock platform as an answer for traders in search of constant and high-yielding earnings,” added Soraya Chabarek, chief govt of Manulife | CQS Funding Administration.
“In at this time’s market, to ship earnings whereas in search of to mitigate danger, credit score choice issues greater than ever.
“Our group of expert credit score traders, who’ve managed world multi-asset credit score methods collectively during the last 11 years, have a longtime historical past of lending to the fitting companies, and positioning in the fitting asset lessons, geographies, and sectors on the proper time.”
Craig Scordellis, co-chief funding officer and senior associate at Manulife | CQS, and James Fitzpatrick, chief funding officer, North America and head of worldwide loans at Manulife | CQS, might be primarily liable for the administration of the fund’s portfolio.
Learn extra: Manulife closes on $752m non-public credit score fund
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