Manulife Asset Management has acquired the assets of Optique Capital Management of Milwaukee, Wisc. Terms of the deal were not disclosed, but the companies did say that Optique has $800 million in mutual fund and separately managed account assets under management.
Eight members of the former Optique team will join Manulife to form a new equity team. They will be led by Wendell L. Perkins, senior managing director and senior portfolio manager; and Margaret A. McKay and Edward T. Marraccini, both managing directors and portfolio managers. The team will report to Manulife Asset Management Chief Investment Officer, Global Equities Christopher P. Conkey.
“We welcome this outstanding group of seasoned investment professionals to our firm,” Conkey said. “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.”