Mercer backs alternatives

Victoria Young

Mon 03 Mar 2008

Mercer has awarded $34.15 million in mandates to Tactical Global Management (TGM) and Lazard Asset Management to invest in alternative assets.

Global tactical asset allocation specialist TGM was awarded $30 million from Mercer to generate alpha through global economic and financial market modelling.

The TGM investment method generates four sources of alpha.

Brisbane and London-based TGM has institutional clients globally, including pension funds, insurance companies, banks and funds of hedge funds.

Mercer has added global listed infrastructure to multi-sector plus funds.

Lazard Global Listed Infrastructure will manage a $4.15 million mandate.

This represents a 3 per cent target allocation to the global listed infrastructure asset class that has been introduced in two multi-sector offerings, the Mercer Growth Plus and Mercer High Growth Plus funds.