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Rating:Hartstein is Looking to Buy, Continue Adoption Spree Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 21, 2009

Hartstein is Looking to Buy, Continue Adoption Spree

by: InvestmentWires Staff, 

John Hancock Funds president and CEO Keith Hartstein is on the lookout for acquisition and adoption prospects, according to a published report.

The Boston firm is continuing the adoption strategy it started in 2002. It has since completed nine transactions. This summer, it unveiled plans to adopt Fiduciary Management Associates' FMA Small Company Portfolio.

According to InvestmentNews, Hancock ultimately would like to purchase a big fund group or make a series of smaller buys.

"The most important thing with acquiring a fund family is getting the talent that has a good track record," Hartstein told the pub. 

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