Manulife Asset Management acquired the assets of Optique Capital Management, an international value equity boutique based in Milwaukee, according to a news release.
Terms of the deal weren’t disclosed.
Eight members of the Optique Capital team will form a new Milwaukee-based equity group for Manulife’s John Hancock Asset Management division. The team will be led by Wendell L. Perkins, senior managing director and senior portfolio manager; as well as Margaret A. McKay and Edward T. Maraccini, managing directors and portfolio managers. They will report to Christopher P. Conkey, chief investment officer, global equities, at Manulife Asset Management.
At Optique, Mr. Perkins was CIO; and Ms. McKay and Mr. Maraccini were portfolio managers.
Mr. Perkins couldn’t immediately be reached for comment.
As of Dec. 31, Manulife Asset Management had $210 billion in assets under management, and Optique’s mutual fund and separate account assets totaled $800 million.