Arrowstreet, AQR Get Mercer Mandates

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.


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

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note