Brompton Funds

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Portfolio Manager: MFC Global Investment Management
  • A top-ranked portfolio manager of global income oriented investments with extensive experience in investment grade and high yield and fixed income.
  • One of the largest bond desks in Canada with $145 billion AUM
  • MFC Global Investment Management was founded in 1949 and is wholly-owned by Manulife Financial Corp. which is active in various financial services including, insurance, mutual funds, pension management and banking. With more than $250 billion in assets under administration, as of December 31, 2008, MFC Global is a leading global investment management group.
MFC Global Investment Management

Terry Carr, the Fund's lead portfolio manager, is Head of Canadian Fixed Income at Manulife with over 23 years investment experience and is a high-yield specialist

Mr. Carr and his Canadian Fixed Income Team are the principal portfolio managers. They are also portfolio manager of the Manulife Corporate Bond Fund.

Mr. Carr's fixed income team consists of six members with an average experience of 14 years and manage total assets of approximately $14 billion as at December 31, 2008. The team is assisted by MFC Global's Global Credit Team, consisting of over 70 investment professionals.

Portfolio Management Team

Terry Carr, BA, CFA (Vice President and Managing Director)
Mr. Carr is a senior member of the MFC Global Investment Committee and heads MFC Global's Fixed Income and Money Market desks in Canada, which manage North American fixed income mandates, including government, corporate, high yield bonds, and money market instruments. He joined MFC Global in 2002 after previously working for Manulife Financial for nearly a decade, as well as holding senior investment positions with one of Canada's chartered banks and in the hedge fund industry. He has 23 years of investment experience managing fixed income portfolios. Mr. Carr holds a Bachelor of Business Administration from York University and is a CFA Charterholder.


Hosen Marjaee, MBA, CFA (Vice President and Senior Portfolio Manager)
Mr. Marjaee plays an active senior role in a significant proportion of MFC Global Investment Management's fixed income products. He is responsible for developing investment strategy with a focus on duration and yield curve management, portfolio structure and market posture. He also oversees investments in government bonds. Previously, Mr. Marjaee lectured at York University's Schulich School of Business. Mr. Marjaee joined MFC Global Investment Management in August 2005 and has 25 years of investment management experience. He has a Bachelor of Science in Mechanical Engineering from Fairleigh Dickinson University in New Jersey, plus a Bachelor of Engineering and a Master of Business Administration degrees from McGill University in Montreal and is a CFA charterholder.


Konstantin Kizunov, BA, MBA, CFA (Assistant Vice President and Portfolio Manager)
Mr. Kizunov is a member of MFC Global Investment Management's High-Yield team and is responsible for the selection, trading and monitoring of high yield and convertible securities for both MFC Global assets and third party money. Mr. Kizunov joined MFC Global Investment Management in 1996. He has a bachelor of arts from the University of Western Ontario and a Master of Business Administration from Simon Fraser University, and is a CFA Charterholder.


Richard Kos, MBA, BASc, CFA (Assistant Vice President and Portfolio Manager)
Mr. Kos is a member of the MFC Global Investment Management's High-Yield team and is responsible for the selection, trading and monitoring of high yield and convertible securities for both MFC Global assets and third party money. Mr. Kos joined MFC Global in 2004 and has worked in the investment industry since 1996. Previously, he worked as an analyst in high-yield bonds, food, alcohol & tobacco, and portfolio analytics with a major Canadian financial institution. Mr. Kos has a Master of Business Administration from the Richard Ivey School of Business, University of Western Ontario, and a Bachelor of Applied Science in chemical engineering from the University of Toronto, and is a CFA Charterholder.
Investment Approach

MFC Global's Approach to Corporate Bonds:

  1. Conservative approach with upside potential

    2. - Take advantage of high spreads in investment grade and high yield bonds
    - Minimize default risk – higher credit quality and well diversified
  2. Focus on best opportunities on a risk/return basis
  3. Reduce interest rate risk – low duration
  4. By buying corporate bonds at significant discounts in current environment, investors are expected to earn high current income and have opportunity to realize significant capital gains.