{"id":473677,"date":"2021-04-08T09:15:47","date_gmt":"2021-04-08T13:15:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473677"},"modified":"2021-04-08T09:15:47","modified_gmt":"2021-04-08T13:15:47","slug":"manulife-investment-management-adds-portfolio-manager-to-core-and-core-plus-bond-strategies-to-sustain-and-build-on-recent-growth","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/manulife-investment-management-adds-portfolio-manager-to-core-and-core-plus-bond-strategies-to-sustain-and-build-on-recent-growth\/","title":{"rendered":"Manulife Investment Management adds portfolio manager to Core and Core Plus Bond strategies to sustain and build on recent growth"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Firm attributes growth to deep investment talent, independent thinking, and global resources<\/i>\n <\/p>\n

TSX\/NYSE\/PSE: MFC\u00a0\u00a0\u00a0\u00a0 SEHK: 945<\/p>\n

\n BOSTON<\/span>, April 8, 2021<\/span> \/PRNewswire\/ – After an extensive review and selection process, Manulife Investment Management is pleased to announce the addition of Pranay Sonalkar<\/span> to the portfolio management team for the Core and Core Plus Fixed-Income strategies. Pranay joins Howard C. Greene<\/span>, CFA, and Jeffrey N. Given<\/span>, CFA\u2014both 25-plus-year industry veterans\u2014as an associate portfolio manager on the strategies, including subadvised management of\u00a0several John Hancock<\/span> funds such as: John Hancock Bond Fund, John Hancock Investment Grade Bond Fund and John Hancock Corporate Bond ETF.<\/p>\n

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“Manulife Investment Management’s fixed-income team is an exceptionally well-resourced, globally integrated group with more than 145 investment professionals working in 15 locations around the globe. As a result, we’re in a great position to identify rising talent within our organization,” said John F. Addeo<\/span>, CFA, CIO, global fixed-income. “And given the growth and continued strong performance of the core and core plus strategies during Howard’s and Jeff’s tenure, we wanted to be confident they have the resources they need to continue to perform at such a high level.” <\/p>\n

Before joining the portfolio management team, Pranay served as a credit research analyst and sector team leader with the firm, responsible for coverage of the industrial, utility, and energy sectors. Prior to joining the company, he was a lead credit analyst with Standard & Poor’s on various chemical and environmental services issuers and before that a sell-side credit analyst assisting with coverage of multiple sectors for Barclays Capital in New York<\/span> and London<\/span>. <\/p>\n

As an analyst with Manulife Investment Management, Pranay also played a central role in the development and implementation of the public markets proprietary ESG credit rating system for the fixed-income research team. Globally, the company has taken on the ambitious goal of fully integrating ESG analysis into every strategy and fund they offer and Pranay’s experience will be valuable to the U.S. Core Fixed-Income team as they continue to deliver against this firm-wide initiative.<\/p>\n

The addition of Pranay comes on the heels of several years of steady growth for the institutional strategies and retail products overseen by the U.S. Core Fixed-Income team; as of 12\/31\/20, assets under management by the team\u00a0were more than US$52 billion<\/span> across channels. The management team has also grown their reach and responsibilities with the launch of a new short-duration product as well as a number of new investment vehicles; in the past two years, the team was tapped to manage newly created CITs, SMAs, and ETFs, all of which help expand plan sponsors’ and advisors’ access to the strategies. <\/p>\n

“We’ve worked closely with Pranay for several years now, and we’ve been consistently impressed by his work as an analyst,” said Howard Greene<\/span>. “We’re thrilled to be welcoming him into his new role on the portfolio management team, and this is the perfect time for us to do so. We’re proud of the track record we’ve built for our investors over the years and we want to be sure the team is well positioned today to support continued growth in the years to come.” <\/p>\n

In connection with Pranay’s transition to his portfolio management role, Casey Curtin<\/span>, currently an investment research analyst, has been promoted and will join the fixed-income team as a credit research analyst on April 12<\/span>.<\/p>\n

\n A long track record of strong performance
<\/b>The Core and Core Plus strategies have a long track record of strong performance. The investment team has consistently leveraged their own distinct talents along with the broader strengths of Manulife Investment Management to deliver strong performance. As of March 31, 2021<\/span>:<\/p>\n