Mercer Global Investments, the multi-manager arm of investment and pension consultant Mercer Human Resource Consulting, is making its proposition available to the UK retail market.The Mercer group is a major player in multi-manager investment for institutional pension funds but MGI is keen to make inroads into the retail market. It says it is in preliminary talks with several UK life companies, as well as companies in continental Europe, with a view to forming third-party distribution links for its portfolios. The move is part of its expansion into Europe on the back of its global research resources. MGI says the European business has already gathered assets of more than $500m, bringing total assets under management to £12bn worldwide. MGI has been operating in Australia since 1995 and in the US since 2003 while the Mercer group has been running multi-manager portfolios for 30 years. Pension fund trustees can access the multi-manager service directly through MGI or Mercer Retirement Solutions, which also deals with consulting, administration and communication to scheme members. Head of UK business development Daniel Melley says: “We are expanding into Europe because we have seen increasing demand for multi-manager investments. We have a credible product and are talking to clients about it.”
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Congratulations to Informed Choice managing director Nick Bamford, who graduated with a 2.1 BA Hons degree in financial services last week. He promises to send the MM diary a photo of him decked out in Harry Potter-style robes at the graduation ceremony.
Scottish Widows Bank head of product development Murdo McHardy left the company last week to take over as head of mortgages at Intelligent Finance. He starts his new role on October 30.
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Artemis US equity manager Cormac Weldon finds US companies he thinks will thrive, even in challenging markets. To watch the video click here
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