Friday, 3 July 2015
Last updated 15 hours ago
Aug 31 2011 | 1:17pm ET
A pair of hedge funds have won a combined US$210 million in mandates from Mercer's Asia-Pacific unit.
Arrowstreet Capital Partners will manage US$150 million for Mercer's Overseas Shares Small Companies Portfolio, some 40% of that basket. The quantitative shop and Fidelity Investments are the only two managers in the Small Companies portfolio.
In addition, fellow quant shop AQR Capital Management was awarded a US$60 million mandate for Mercer's alternative assets portfolio. AQR has been charged with investing in liquid, transparent alternative strategies.
"What we're looking for is low long-term average correlation to traditional markets," Stephen Roberts of Mercer Investment Management, told the Financial Standard.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…