John Hancock and Manulife launch multi-asset credit interval fund
John Hancock Investment Management has launched a new multi-asset credit fund with its affiliated investment manager Manulife.
The fund will seek to generate returns comprising both current income and capital appreciation, emphasizing current income with low volatility and low correlation to the broader markets.
It will invest into multi-asset credit strategies and fixed-income asset classes, including sub-investment-grade assets such as loans and asset-backed securities.
Read more: Manulife to buy Lord Hintze’s credit investor CQS
Earlier this year, Manulife completed the acquisition of multi-sector alternative credit manager CQS, to create a new alternative investment brand called Manulife | CQS Investment Management.
“We’re thrilled to showcase the investment expertise at Manulife/CQS Investment Management across the credit space,” said Kristie Feinberg, head of US and Europe, Manulife Investment Management, and president and chief executive officer, John Hancock Investment Management.
“By leveraging our expanded capabilities with the addition of the CQS team, we bring a semi-liquid alternative fund to advisors in an asset class that has seen recent growth in demand and may help their clients achieve their financial goals.”
Read more: Manulife appoints BlackRock veteran as head of private markets
“We’re excited to bring our multi-asset credit capabilities to the John Hancock platform as a solution for investors seeking consistent and high-yielding income,” added Soraya Chabarek, chief executive of Manulife | CQS Investment Management.
“In today’s market, to deliver income while seeking to mitigate risk, credit selection matters more than ever.
“Our team of skilled credit investors, who have managed global multi-asset credit strategies together over the last 11 years, have an established history of lending to the right businesses, and positioning in the right asset classes, geographies, and sectors at the right time.”
Craig Scordellis, co-chief investment officer and senior partner at Manulife | CQS, and James Fitzpatrick, chief investment officer, North America and head of global loans at Manulife | CQS, will be primarily responsible for the management of the fund’s portfolio.
Read more: Manulife closes on $752m private credit fund
