John Hancock Investors Trust Appoints New Sub-Subadvisor and Portfolio Managers
Summary
John Hancock Investors Trust has updated its investment management team, appointing CQS (US), LLC as a new sub-subadvisor and adding Tim Jarombek and Darren Toner as portfolio managers, while James Gearhart has departed.
Key Events
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New Sub-Subadvisor Appointed
The Board of Trustees approved a new sub-subadvisory agreement with CQS (US), LLC, effective June 25, 2026. The subadvisor (Manulife IM (US) LLC) will pay the sub-subadvisor's fees, not the fund directly.
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Portfolio Manager Changes
James Gearhart, CFA, no longer serves as a portfolio manager. Tim Jarombek, CFA, and Darren Toner have been added as portfolio managers, who will be jointly and primarily responsible for the fund's day-to-day management.
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New Managers' Ownership
As of May 31, 2026, the newly appointed portfolio managers, Tim Jarombek and Darren Toner, do not beneficially own any shares in the fund.
Analysis
This filing announces significant changes to the investment management structure of the fund, including the appointment of CQS (US), LLC as a new sub-subadvisor and the addition of two new portfolio managers, Tim Jarombek and Darren Toner. These changes could impact the fund's investment strategy and performance, as the new managers will be jointly responsible for day-to-day portfolio management. The departure of a previous portfolio manager and the lack of personal investment by the new managers (owning no shares) are also notable.
At the time of this filing, JHI was trading at $13.25 on NYSE in the Unknown sector, with a market capitalization of approximately $114.9M. The 52-week trading range was $12.50 to $14.51. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.