ALTERNATIVES

Manulife recruits former Ignis CIO as head of liquid alternative strategies

Chris Fellingham was named senior managing director, head of liquid alternative strategies at Manulife Asset Management, said a spokesman.

The position is new, and Mr. Fellingham’s appointment is effective June 13.

He will report to Chris Conkey, executive vice president, global chief investment officer, and he will be based in London.

Mr. Fellingham will lead the expansion of Manulife’s absolute-return and outcome-oriented capabilities, said Mr. Conkey in a news release.

“We are seeing increasing client demand for strategies that can provide outcomes specific to their needs, with a critical focus on risk management,” said Kai Sotorp, president and CEO, in the release. “The franchise (Mr. Fellingham) will develop will complement our strategic asset allocation business, managed by the portfolio solutions group.” This group manages target-date and target-risk strategies, as well as alternatives strategies. It has £74 billion ($108 billion) in assets under management.

Mr. Fellingham was previously CIO at Ignis Asset Management, which was acquired by Standard Life Investments in July 2014. Mr. Fellingham left the firm in July 2015, according to the Financial Services Register of authorized persons.