Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Wellington and Hancock Pair Up for a Technical Encore Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 28, 2010

Wellington and Hancock Pair Up for a Technical Encore

Reported by Sean Hanna, Editor in Chief

Wellington Management Company has won another subadvisory mandate. This time the Boston-based asset manager has landed a gig subadvising a planned fund from John Hancock. The John Hancock Technical Opportunities Fund II will use a technical stock picking strategy. The win follows hard on the heels of USAA's decision to make Wellington the subadvisor replacing Marsico Capital for half of the portfolio of the USAA Aggressive Growth Fund. [SEC filing]

The Hancock mandate comes with no built in assets as the fund has not yet launched.

Portfolio manager Frank Teixiera will have the leeway to invest in equities with market caps of less than $5 billion selected using technical analysts, including quantitative and fundamental inputs. Typically the fund will stick to 75 or fewer stocks.

The fund appears to be a follow-up to the Hancock Technical Opportunities Fund (JCTAX) that launched last year that is also subadvised by Wellington with Teixiera acting as the PM. Soon after that fund's launch, Hancock Funds CEO Keith Hartstein told Bloomberg that the fund was one of the 10 best sellers at the complex, pulling in more than $1 million a day. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use