Redemptions hit Pzena-managed fund - John Hancock

"John Hancock Funds LLC said on Friday its flagship stock mutual fund, the $8 billion Classic Value Fund which is managed by Pzena Investment Management Inc ... In fact, that fund is running $2 billion less in sales this year than it did last year. And we reopened it October 1 because the fund had fallen into net redemptions. The net redemptions have continued, and in fact have picked up pace in the month of November,"