MFS Investment Management has established the MFS Investment Advisory Council (IAC), made up of former and current investment professionals of the asset management firm.
This council aims to enhance the MFS investment culture, provide consultation and help develop the next generation of investors at the firm. Topics addressed by the council will include:
• Industry, market and competitive outlooks and trends, including insights from an external perspective;
• Consultation on areas such as management team interviews, mechanics of portfolio construction, time management and risk management;
• Formal mentoring of investment professionals to help identify those with the potential to move into portfolio management, analyst or other leadership roles;
• Advice on further strengthening the MFS investment culture and organizational and leadership capabilities;
• Discussion of the investment process at a macro level, cross-capital structure comparisons and insights on valuation techniques.
The firm said it expects to add experienced members in equity, fixed income and quantitative investing. In addition to Michael Roberge, MFS’ chief executive officer and chief investment officer, executive chairman Robert Manning; CIO – global fixed income William Adams; CIO – global equity Kevin Beatty; and vice chair and portfolio manager David Antonelli will part of the IAC.
Another initial member will be former MFS global equity portfolio manager David Mannheim, who recently retired from the company.
“The council will reinforce our commitment to a collaborative investment culture, provide access to mentors with decades of investment experience and extend our ability to continue to manage retirements and transitions in a thoughtful and transparent manner,” said Michael Roberge, MFS’ chief executive officer and chief investment officer. “The overarching goal of this council is to help ensure that MFS’ investment culture endures for the benefit of our current and future clients.”
“MFS has historically had low turnover among its investment team members, which has resulted in a consistent investment process and investment culture. That process and culture are built around teamwork, investing with a long-term view and having a meritocracy. We believe the Investment Advisory Council will help MFS ensure that our process and culture thrive for generations,” said Antonelli.
As of end March 2018, MFS had €482.2bn (€389.4bn) in assets.