Unit of Manulife shows momentum with new series of institutional mandates
TORONTO, May 11 /CNW/ -- MFC Global Investment Management concluded a
strong first quarter of 2009 by closing on a series of new institutional
investment management mandates that combined total more than C$350 million.
During the quarter, Ontario Power Generation named MFC Global Investment
Management to manage a Canadian Large Cap Growth Equity portfolio, while the
City of Kenora, Ontario, and a public employees pension fund domiciled in
Quebec added the firm to its roster of asset managers. MFC Global Investment
Management was also tapped by Nuclear Waste Management Organization to manage
its newly created defined benefit pension plan. In addition, Canadian mutual
fund firm AGF Funds Inc. appointed MFC Global Investment Management as a
portfolio manager for wealth management products, as did National Bank
Financial, Quebec's largest retail brokerage firm.
"We are very pleased to be selected during the quarter for these
important investment management roles across such a wide spectrum of
institutional investors in Canada, in addition to the C$1 billion mandate from
MD Funds Management announced earlier this month. These new assignments range
across equity and fixed income strategies, reflecting the depth and breadth of
our investment organization," said J-F Courville, President. He added,
"Without question, MFC Global Investment Management is demonstrating a
momentum that reflects the contributions of many talented members of our
About MFC Global Investment Management(R)
MFC Global Investment Management(R) is the asset management division of
Manulife Financial. MFC Global Investment Management's diversified group of
companies provides comprehensive asset management solutions for institutional
investors, investment funds and individuals in key markets around the world.
This investment expertise extends across a full range of asset classes
including equity, fixed income and alternative investments such as oil and
gas, real estate, timber, farmland, as well as asset allocation strategies.
MFC Global Investment Management has investment offices in the United
States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Asia. As
of March 31, 2009, assets managed exceeded C$286 billion. Additional
information about MFC Global Investment Management may be found at
MFC Global Investment Management(R), Manulife and the block design are
trademarks of The Manufacturers Life Insurance Company and are used by it and
its affiliates including Manulife Financial Corporation.
For further information:
For further information: Beth McGoldrick of MFC Global Investment
Management, +1-617-663-4751, email@example.com Web Site: