Manulife Asset Management Tapped to Manage US$230 Million Fixed Income Mandate for New Mexico Public Employees Retirement Association

BOSTON, June 13, 2011 /PRNewswire/ -- Manulife Asset Management said that it was awarded a US$230 million global core-plus fixed income mandate from the New Mexico Public Employees Retirement Association. The $11.8 billion New Mexico PERA, of Santa Fe, made public its decision in January, with funding of the mandate completed in April.

The fixed income portfolio will be managed by Manulife Asset Management's Strategic Income team, headed by Daniel S. Janis III and Thomas Goggins.

"We are extremely pleased to be chosen as an investment manager by the New Mexico Public Employees Retirement Association," said J-F Courville, President and Chief Executive Officer of Manulife Asset Management.  "This important mandate reflects the confidence that was placed in our strong investment management and servicing capabilities. I am proud that the members of our team were given this opportunity to express their collective talent and commitment to New Mexico PERA, and confident that we will do a superior job for its members."  

About Manulife Asset Management

Manulife Asset Management™ is the global asset management arm of Manulife Financial. Manulife Asset Management and its affiliates provide comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies.

Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. As at March 31, 2011, assets under management were Cdn$211 billion (US$217 billion). Additional information about Manulife Asset Management can be found at ManulifeAM.com. Prior to December 15, 2010, Manulife Asset Management was known as MFC Global Investment Management.

About Manulife Financial

Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were $478 billion (US$492 billion) as at March 31, 2011. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States. Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.  

SOURCE Manulife Asset Management

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