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’ll 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 various credit score supervisor CQS, to create a brand new various funding model referred to 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 government officer, John Hancock Funding Administration.
“By leveraging our expanded capabilities with the addition of the CQS group, we convey a semi-liquid various fund to advisors in an asset class that has seen current progress in demand and will assist their purchasers obtain their monetary targets.”
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 searching for constant and high-yielding earnings,” added Soraya Chabarek, chief government of Manulife | CQS Funding Administration.
“In immediately’s market, to ship earnings whereas searching for to mitigate threat, credit score choice issues greater than ever.
“Our group of expert credit score traders, who’ve managed world multi-asset credit score methods collectively over the past 11 years, have a longtime historical past of lending to the correct companies, and positioning in the correct asset lessons, geographies, and sectors on the proper time.”
Craig Scordellis, co-chief funding officer and senior accomplice at Manulife | CQS, and James Fitzpatrick, chief funding officer, North America and head of world loans at Manulife | CQS, shall be primarily chargeable for the administration of the fund’s portfolio.
Learn extra: Manulife closes on $752m personal credit score fund
