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: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...