Manulife AM targets asset allocation build-out

Manulife Asset Management is seeking to build out its asset allocation team in Asia based on expectations of the great rotation amid the low interest-rate environment combined with the region’s aging demographics. The firm, which manages more than $100 billion in asset allocation strategies out of its $248 billion global AUM, introduced a dedicated two-strong Asian team in Hong Kong last year, and anticipates hiring more professionals this quarter. “We think the asset allocation…