Mercer adds Martin Currie and RCM to its multi-manager porfolio, terminating three managers in the process.
Mercer has revamped the overseas shares component of its multi-manager portfolios, adding managers Martin Currie and RCM Capital Management to its line-up.
As part of its review, Mercer also removed Alliance Capital Management, Arrowstreet Capital and Acadian Asset Management's long/short strategy from the overseas shares manager mix.
The review was a good opportunity to consider the impact of the developments on financial markets in the past six months, Mercer's chief investment officer Russell Clarke said.
"In particular, we were attracted to managers that had the flexibility in process to manage through these volatile times and were cognisant of real rather than relative risk," he said.
Mercer's mandate represents RCM's first Australian institutional client since the firm refocused its business model late last year to that of a pure distributor of RCM's global equity product suite, RCM country head Michael Negline said.
"We are particularly pleased to have been selected by Mercer for this mandate as it highlights the quality of our investment team in London, who have been successfully managing this strategy since early 2003 with excellent results," he said.
RCM is a global equity asset management firm wholly owned by Allianz Global Investors.
Martin Currie is an Edinburgh-based boutique manager.
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