Mercer has awarded three mandates worth $810 million, Financial Standard reports. The investment management and consulting group has allocated $600 million to Intrinsic Investment Management, about 15% of the Mercer Australian Core Portfolio. Arrowstreet Capital has been awarded $150 million in the Overseas Shares Small Companies Portfolio under Mercer’s global equity allocation. AQR Capital Management will manage $60 million, worth approximately 7.5% of the group’s $900 million alternative assets portfolio.
Click here for the story from Financial Standard.