AQR Capital Management has obtained $150 million in new institutional mandates for its hedge fund strategy in Australia and New Zealand, Financial Standard reports. The mandates, secured over the last three months, include $52 million from consulting firm Mercer.

It also received mandates from a superannuation fund and another multi-manager operation. Launched in 2009, the AQR Wholesale DELTA Fund now has approximately $200 million under management.

Click here for the story from Financial Standard.