Mercer has picked up a new asset consulting mandate from Local Government Super (LGS).
LGS announced this week that Mercer had been appointed its asset consultant following an internal review of advisory requirements.
Commenting on the appointment, LGS chief executive Peter Lambert said the fund’s evaluation of the asset consultant market had identified several synergies between the Mercer and LGS models.
“We believe the combination of Mercer’s research coverage and the experience of LGS’ internal investment team will deliver significant benefit to members,” he said.
