Mercer Buys Hammond To Boost Endowments, Hedge Funds

Nov 29 2010 | 9:34am ET

Consultancy Mercer has boosted its hedge fund and foundations and endowments business with a deal to buy rival Hammond Associates.

Terms of the deal were not disclosed. But Mercer, a subsidiary of Marsh & McLennan, said it expects the acquisition to close at the end of the year.

"Hammond has been a leader in investment consulting for endowments and foundations for 25 years, and more recently has invested in its hedge fund and alternatives research capabilities, complementing the investment Mercer has made in this area," said Jeff Schutes, Mercer's U.S. investment consulting leader. "In the current challenging investment market, we believe combining our resources will significantly improve our ability to help clients make informed, sound and strategic investment decisions."

Hammond is the third-largest consultancy to U.S. endowments and foundations.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note