Mercer Global Investments has become the seed Australian investor in Invesco’s Multi-Strategy Fund as part of its multi-strategy hedge fund mandate.
Mercer said it would be targeting a 10 per cent allocation within the alternatives asset class, while the balance would remain invested across 11 other strategies.
Commenting on the mandate, Mercer Global Investments chief investment officer Russell Clark said there had been several supporting factors underpinning the decision to appoint Invesco, including that the fund incorporated a range of strategies Mercer believed would provide attractive diversification benefits.
He said that in its due diligence process, Mercer had been impressed with the high level of transparency in the investment process and the thought that had been put into the portfolio construction process.
