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

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note