Deals & People March 26, 2013

Manulife Adds U.S. Small Cap Equity Team

March 26, 2013 (PLANSPONSOR.com) – Manulife Asset Management has added a new U.S. small cap equity team.
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The team will be led by Bill Talbot, CFA, senior managing director and senior portfolio manager. Its members include Joseph Nowinski, managing director and portfolio manager; Travis Schaftenaar, CFA, CPA, director and senior investment analyst; and Vikram Kaura, director and senior investment analyst. The team will report to Christopher Conkey, global chief investment officer, and be based in Chicago, Illinois.  

Talbot, a 24-year industry veteran, joins Manulife Asset Management from UBS, where he focused on U.S. small cap investing. Prior to UBS, he invested in private debt and equity for the Travelers Companies. He is a graduate of Trinity College and obtained an M.B.A. from the Tuck School at Dartmouth College.  

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Nowinski also joins from UBS, where he was co-portfolio manager of the U.S. Small Cap Value Portfolio. Prior to joining UBS in 2005, Nowinski spent six years with Citigroup Global Asset Management as a senior equity analyst, covering the retail, health care services, and real estate investment trust (REIT) sectors. He is a graduate of DePaul University.  

Schaftenaar was with UBS prior to joining Manulife Asset Management, working on small cap analysis of the health care sector, including pharmaceuticals, medical equipment and biotechnology. Prior to joining UBS in 2004, he worked for Lincoln Capital Management, where he analyzed the retail and consumer products industries. Schaftenaar also worked in public accounting as a CPA for six years. He obtained a BA from Michigan State University and an MBA from the University of Chicago.  

Kaura also was previously with UBS, covering the small cap technology sector. Prior to joining the UBS Small Cap Team in 2006, he spent six years as a sell-side analyst focusing on technology stocks at RBC Capital Markets, Piper Jaffray, and Collins Stewart, and also worked for ten years in technology research and product development at GE and Rockwell Automation.  He obtained a BS from Panjab University (India), an MS from the University of Wisconsin and an MBA from the University of Chicago.
Deals & People March 26, 2013

Penbridge Retains Consultant for Pension Risk Transfer Education

Penbridge Advisors retained the services of an independent consultant to support delivery of the company’s pension risk transfer (PRT) education workshops.
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Richard A. Marin has been a member of the faculty of the Samuel Curtis Johnson Graduate School of Management at Cornell since 2007 and is contracted by Wiley & Sons to publish a book on the global pension crisis in September 2013. Penbridge’s education program is designed to help companies understand the dimensions of the pension risk transfer market, the costs associated with annuitizing defined benefit pension liabilities, and the plan termination process.   

During his more than three decades in the investment management industry, Marin was chairman and CEO of both Bear Stearns Asset Management and Deutsche Asset Management, and founded Beehive Ventures, a venture capital company. Marin earned his MBA and BA from Cornell University.  

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“It is increasingly important for corporate America to understand the role pension risk transfer is poised to play in the U.S. retirement industry, especially among frozen plans,” Marin said. “Penbridge Advisors provides me with a unique opportunity to educate companies on the circumstances under which pension risk transfer is appropriate.”  

Penbridge provides pension plans with free access to a database of PRT products and providers at http://www.penbridgeadvisors.com/join/.  

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