John Hancock Advisers hired New York-based Sustainable Growth Advisors LP to sub-advise the John Hancock U.S. Global Leaders Growth Fund. SGA co-principals George Fraise
, Gordon Marchand
, and Rob Rohn
will manage the fund.
Hancock acquired the fund in May 2002, at which point it had $134.1 million in assets under management. Since then, its assets have grown to $720.9 million.
While the sub-advisor is changing, there is continuity in the fund’s management. “SGA principals George Fraise and Gordon Marchand have been managing the fund for many years and have built an enviable track record,” said Maureen Ford Goldfarb, John Hancock chairman and chief executive officer.
Before founding SGA last year, Fraise and Marchand were at Yeager Wood & Marshall
, which sub-advised the fund at that time. When they left to start SGA, John Hancock fired Yeager Wood & Marshall and hired Fraise and Marchand, who managed the fund as Hancock employees while simultaneously serving as principals of SGA. Hancock planned to hire SGA as soon as it was sufficiently staffed.
Rohn, a principal at SGA, was previously a portfolio manager with W.P. Stewart & Co.
, managing large cap and high quality growth stock portfolios.
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