Mercer Global Investing (MGI) has revamped its manager line-up and terminated a $2 billion active international equities mandate with AMP Capital Investors.
It also dropped a $22.5 million international equities small caps mandate with Challenger and appointed eight new managers, including one emerging market fund.
Investment managers Alliance Capital ($460 million), Arrowstreet Capital ($256.3 million), Bailie Gifford (253.9 million), Edinburgh Investment ($304.6 million), Taube ($305.6) and Bernstein ($457.3 million) have all been awarded active international mandates.
Lazard Asset Management has been awarded an emerging markets mandate worth $15.4 million and State Street Global Advisors an international equities small cap mandate worth $41.9 million.
MGI would not comment on the changes.
