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Deals and People July 28, 2011
Manulife Adds New Large Cap Growth Team
July 28, 2011 (PLANSPONSOR.com) – Manulife Asset Management has expanded its equity investment capabilities with the hire of Jay Zelko, David Chow, and Curtis Ifill, to be led by W. Shannon Reid, CFA.
Reported by PLANSPONSOR staff
The new U.S. Large Cap Growth team, which will be based in Charlotte, North Carolina, comes to Manulife from Wells Capital Management. The team have more than ten years of experience working together, and joined WellsCap when that firm acquired Evergreen Investments.
According to the announcement, the team’s investment process employs fundamentally-oriented, bottom-up stock selection with a very clear focus on risk management that has enabled them to deliver strong and consistent performance to institutional and retail clients.
“The U.S. Large Cap Growth team rounds out Manulife Asset Management’s fundamental equity capabilities in large asset categories, and we welcome them to our organization,” said J-F Courville, President and CEO of Manulife Asset Management, in a press release. “This high-quality group of investment managers fits well with our culture that empowers our teams to operate in a boutique environment, while providing the resources and intellectual network of a global leader.”
Reid will act as Senior Managing Director and Senior Portfolio Manager, and most recently was a senior portfolio manager with the Strategic Large Cap Growth Equity team at WellsCap. He managed a large cap growth equity team at Evergreen, and previously served as a senior research analyst and portfolio manager for Falcon Investments Ltd. He graduated from the University of Virginia with a bachelor’s degree in economics.
Zelko, CFA, joins the team as Managing Director and Portfolio Manager. He began his investment industry career at Evergreen in 1987 after earning his bachelor’s degree in finance from Cleveland State University and an MBA from the University of North Carolina at Greensboro.
Chow, CFA, will also serve as Managing Director and Portfolio Manager. He was a portfolio manager at Evergreen, and previously worked at Moody’s Investors Service. He graduated from the University of Western Ontario with a bachelor’s degree in economics.
Ifill, CFA, will serve as Director and Senior Investment Analyst. He also began his investment career at Evergreen. He received a bachelor’s degree in business administration from Johnson C. Smith University.
-Sara Kelly