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Manulife acquires Optique Capital Management

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Manulife Asset Management has acquired the assets of Optique Capital Management, a registered investment adviser based in Milwaukee, Wisconsin. Terms for the transaction, which closed on Friday, February 11, have not been disclosed. As at December 31, 2010, Optique’s mutual fund and separate account assets under management were approximately USD800 million.

In addition, eight members of the former Optique Capital team will be joining Manulife Asset Management to form a new equity team, based in Milwaukee. The team will be led by Wendell L Perkins, Senior Managing Director and Senior Portfolio Manager, Margaret (Peggy) A McKay and Edward T Marraccini, both Managing Directors and Portfolio Managers, and will report to Christopher P Conkey, Chief Investment Officer, Global Equities, Manulife Asset Management.

"We welcome this outstanding group of seasoned investment professionals to our firm," says Conkey. "The team will bring their disciplined, consistent, value equity philosophy and decision-making process to managing international value strategies for John Hancock Funds, through our John Hancock Asset Management division, as well as for Manulife Asset Management’s institutional clients."

Perkins, Optique’s CIO, says:  "This move allows us to continue providing our investment management services to clients without change to our underlying investment philosophy or process. We are delighted to be joining a corporate culture that empowers its investment teams, while providing the resources and risk management framework that come with being part of a global leader."  

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