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Rating:Hartstein's Next Performance Will Be in Los Angeles Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, May 17, 2013

Hartstein's Next Performance Will Be in Los Angeles

Reported by Tommy Fernandez

Cue the triumphant jazzy brass section of the orchestra and closeups of Los Angeles street scenes.

Keith Hartstein is starting his next major performance.

The retired president and chief executive of John Hancock Funds, as well as as one of 2009's most influential people in the fund industry, has joined the Board of Managers of Causeway Capital Management.

A 22-year veteran of the company, Hartstein ran a number of important functions at John Hancock Funds, including retail and institutional distribution, marketing, product development, product management, fund administration, technology, compliance and internal transfer agency.

He stepped away from the position in May and mad plans to head west soon after.

“We are thrilled to have Keith join our board of managers, and look forward to his insights and guidance as we cement our commitment to mutual fund sales,” stated Sarah Ketterer, Causeway’s Chief Executive Officer.

Established in 2001, Los Angeles-based Causeway provides investment management services to corporations, pension plans, public retirement plans, Taft-Hartley pension plans, endowments and foundations, mutual funds, charities, private trusts, wrap fee programs, and other institutions. Causeway is the investment adviser to the Causeway Funds.

“We will take full advantage of Keith’s tremendous industry expertise to enhance the profile and brand awareness of the Causeway funds,” stated Harry Hartford, Causeway’s President.

Here is the press release:
Company Press Release

Causeway announces addition of Keith Hartstein to Board of Managers



May 16, 2013 05:18 PM Eastern Daylight Time 

LOS ANGELES--(BUSINESS WIRE)--Causeway Capital Management LLC announces the addition of Keith Hartstein to its Board of Managers. Mr. Hartstein recently retired as the President and CEO of John Hancock Funds, LLC where he spent 22 years. At John Hancock, Mr. Hartstein was responsible for retail and institutional distribution, marketing, product development, product management, fund administration, technology, compliance and internal transfer agency. He was ranked by an industry publication as one of the nation’s most influential mutual fund executives; he was also the former chairman of the ICI Sales Force Marketing Committee, and a former member of the Mutual Fund Education Alliance Executive Committee. John Hancock Funds is the US subsidiary of Canada’s Manulife Financial Corporation.

“Causeway is a proven, high quality asset management organization with a very strong institutional and retail product line”

“Causeway is a proven, high quality asset management organization with a very strong institutional and retail product line,” said Mr. Hartstein. “I am delighted to join their board and look forward to providing their management team with insights to aid in their sales, distribution and marketing initiatives.”

“We are thrilled to have Keith join our board of managers, and look forward to his insights and guidance as we cement our commitment to mutual fund sales,” Sarah Ketterer, Causeway’s Chief Executive Officer. “We will take full advantage of Keith’s tremendous industry expertise to enhance the profile and brand awareness of the Causeway funds,” said Harry Hartford, Causeway’s President.

About Causeway

Established in 2001, Los Angeles-based Causeway provides investment management services to corporations, pension plans, public retirement plans, Taft-Hartley pension plans, endowments and foundations, mutual funds, charities, private trusts, wrap fee programs, and other institutions. Causeway is the investment adviser to Causeway Funds: Causeway International Value Fund (which received a Gold Morningstar Analyst Rating™), Causeway Global Value Fund, Causeway Emerging Markets Fund, Causeway International Opportunities Fund, and Causeway Global Absolute Return Fund. Causeway's international and global value equity strategies use team-based, value-driven investment disciplines that combine in-depth research and analysis, active portfolio construction, and proprietary risk management. Causeway also manages a quantitative emerging markets equity strategy and a global absolute return strategy. The firm, wholly-owned by its employees, manages approximately $20 billion in total assets as of April 30, 2013. More information on Causeway's strategies and the firm's investment philosophy and team is available online atwww.causewaycap.com.

Investing involves risk including loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

To determine if a Fund is an appropriate investment for you, carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund's prospectus, which may be viewed and downloaded by clicking here or by calling 1-866-947-7000. Read it carefully before investing."

Causeway Funds are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with Causeway Capital Management LLC.

The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the mutual fund analysts of Morningstar, Inc. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent, and price. Morningstar's analysts use this five pillar evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors in their research, and the weighting of each pillar may vary. The Analyst Rating ultimately reflects the analyst's overall assessment and is overseen by Morningstar's Analyst Rating Committee. The approach serves not as a formula but as a framework to ensure consistency across Morningstar's global coverage universe.

The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings are based on Morningstar's current expectations about future events; therefore, in no way does Morningstar represent ratings as a guarantee nor should they be viewed by an investor as such. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar's expectations not to occur or to differ significantly from what we expected.

The Analyst Rating scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. A fund with a "Gold" rating distinguishes itself across the five pillars and has garnered the analysts' highest level of conviction. A fund with a 'Silver' rating has notable advantages across several, but perhaps not all, of the five pillars-strengths that give the analysts a high level of conviction. A "Bronze"-rated fund has advantages that outweigh the disadvantages across the five pillars, with sufficient level of analyst conviction to warrant a positive rating. A fund with a 'Neutral' rating isn't seriously flawed across the five pillars, nor does it distinguish itself very positively. A "Negative" rated fund is flawed in at least one if not more pillars and is considered an inferior offering to its peers. Analyst Ratings are reevaluated at least every 14 months.
 

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