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William M Mercer ditches fund management plans

The investment consultancy giant says it may still offer multi-manager funds for small to medium pension funds in the future, although it is selling SuperFlex the “manager of managers” operation it acquired two years ago.


SuperFlex which is being sold to PSG Escher Investments would have formed the basis of Mercer&#39s move into fund management.


William M Mercer head of UK investments Andrew Kirton says: “Our strength and predilection is consultancy. It might be profitable to be in the pizza trade but that is not our business”.

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