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Mercer Hires Trio For $810M Mandate

Mercer has awarded three mandates worth $810 million.

    Mercerhas awarded three mandates worth $810 million,Financial Standardreports. The investment management and consulting group has allocated $600 million toIntrinsic Investment Management, about 15% of theMercer Australian Core Portfolio.

    Arrowstreet Capitalhas been awarded $150 million in theOverseas Shares Small Companies Portfoliounder Mercer’s global equity allocation.AQR Capital Managementwill manage $60 million, worth approximately 7.5% of the group’s $900 million alternative assets portfolio.

    Click here for the story fromFinancial Standard.

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