Mercer Fund Of Funds Manager Returns To Research

Feb 6 2009 | 12:00am ET

Robert Marsden has left his post managing a Mercer fund of hedge funds after 18 months to go back to investment research.

Marsden, who is remaining with Mercer, had been managing some of the firm’s new multi-manager services, including the year-and-a-half-old Diversified Alpha Fund. The multi-manager business was formerly known as Mercer Global Investments.

Marsden’s departure from the multi-manager services side leaves the growing business in need of new help, and the firm plans to hire three people to join the team in the next six months, according to Investments & Pensions Europe.

“One of the areas we are hiring in is in the alternatives space, not only in the alpha space, but we will also look at alternative beta such as infrastructure, commodities, emerging debt,” Tom Murphy, European head of investment management, told IPE. “We are working with two or three pension funds who are looking to invest.”

One of the new hires will focus on expanding the multi-manager services into alternative beta. The firm has already made one hire, with the other two expected shortly.


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