John Addeo Named Portfolio Manager For Manulife Asset Management
BOSTON, July 25, 2012 /PRNewswire/ -- John Addeo has been named Managing Director and Portfolio Manager on the Manulife Asset Management High Yield team, said Barry Evans, Chief Fixed Income Officer, Manulife Asset Management.
Mr. Addeo, whose appointment is effective immediately, will be based in Boston and report to Managing Director Dennis McCafferty who heads the High Yield team.
"We're very pleased to add John to our organization. He is a value oriented fundamental investor with more than twenty years experience investing across the entire capital structure and credit spectrum," Mr. Evans said. "He has a deep knowledge of the high yield market as well as a strong focus on risk management and capital preservation. At a time when investors are casting a wider net to find yield in the fixed income space, his addition further strengthens the depth and breadth of our already high-performing High Yield team."
Before joining Manulife Asset Management, he had been an analyst and portfolio manager with MFS Investment Management, helping to manage several billion dollars in high yield institutional and investment fund assets. Before MFS, Mr. Addeo worked at Eaton Vance and Keystone Investments.
Mr. Addeo holds a Bachelor of Science in Computer Science from Siena College and is a chartered financial analyst.
About Manulife Asset Management
Manulife Asset Management" is the global asset management arm of Manulife Financial (MFC). 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 full 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.
Manulife Asset Management was named a 2011 Bond Manager of the Year finalist in the United States by Money Management Intelligence (MMI) and Best Asian Bond House by Asia Asset Management.
As at March 31, 2012, assets under management were US$220 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. In 2012, we celebrate 125 years of providing clients 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$512 billion (US$512 billion) as at March 31, 2012. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at manulife.com.
SOURCE Manulife Asset Management