mast image

Special Report

Impact investing

Sections

Mercers publishes data on its recommended managers

UK/GLOBAL- The consultant William M Mercers today announced the publication of previously confidential track records of the investment managers it recommends to pension funds and institutional investors.

Mercers analyses its investment across 45 sub categories, in 39 of which its shortlisted fund managers managed to outperform the benchmark by an average 2.3% per year between 1996-2001.

In the other six categories, including some of the biggest sectors- both US large cap growth and value- recommended managers failed to meet the benchmark

Bill Muysken, Mercer’s global head of manager research says: “We thought it was only fair to present the results in full detail, warts and all…the details show we’re not perfect, but it’s gratifying to see we get it right more often than not.”

Mercers’ decision to pubish this information quarterly is likely to pressurise its competitors to follow suit. In the UK the large consultants are considered excessively powerful by many in that there are so few who effectively act as gatekeepers to pension funds assets.

In addition, Paul Myners’ report on the UK institutional market published last year suggested many fund managers felt the level of reseach carried out by investment consultants was insufficient. Pension fund trustees are likely to add pressure on other consultants to publish their performance figures.

A spokesman for Watson Wyatt says the group intends to do much the same although not until next year when it completes a three year programme of performance measurement.

Bacon & Woodrow has no plans to publish performance data and Frank Russell, who has published similar figures in the past, says it does not intend to do so on a quarterly basis.


Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<