Manulife Investment Management Fortifies Fixed Income Capabilities With New Head Of Municipal Bond Strategies
Names Adam Weigold, CFA, senior managing director, senior portfolio manager and head of the municipal fixed-income team
Manulife Investment Management announced the appointment of Adam A. Weigold, CFA, senior managing director, senior portfolio manager, and head of its municipal fixed-income team, effective. Adam is an industry veteran with over 20 years of investment experience. He was most recently a vice president, senior portfolio manager, at Eaton Vance, where he was on the municipal bond team, managing more than US$5 billion in municipal bond assets.
As the lead member of the municipal fixed-income portfolio management team, Adam is responsible for investment decision-making and portfolio construction considerations across a range of municipal portfolios, including three John Hancock funds subadvised by Manulife Investment Management: High Yield Municipal Bond Fund, California Tax-Free Income Fund, and Tax-Free Bond Fund. The funds share a common fundamental approach, and there are no anticipated changes to the investment or risk management philosophies of the existing investment strategies. In this new role, Adam reports directly to John F. Addeo, CFA, chief investment officer, global fixed income, and is based in Boston.
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“We’re pleased to have Adam’s expertise as we build out Manulife Investment Management’s municipal bond team. Municipal bonds are a strategic piece of the U.S. fixed -income market, exceeding $1 trillion according to Morningstar, with strong net flows over the past several years,” said Christopher P. Conkey, CFA, global head of public markets at Manulife Investment Management. “We believe this appointment improves our ability to develop product solutions in this large and rapidly growing asset class and can deliver long-term investment results for our clients.”
Adam brings deep experience in municipal bond research and investing, including extensive experience in high-yield, taxable municipals, and ESG investing. He also has a history in new product idea generation, having created, marketed, and managed multiple municipal bond strategies throughout his career, including total return-oriented municipal bond funds. Adam earned a B.A. from Dartmouth College and an M.B.A. from Boston University, and he holds the Chartered Financial Analyst designation.
“We’re excited to have Adam’s experience and expertise in his approach to the municipal bond market. In his previous roles, he created and managed several funds, and his innovative approach to the market will be integral to strengthening our municipal fixed-income offering as we look to meet clients’ evolving investment needs,” John Addeo added.
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