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.
The lower outlook for inflation has set the stage for another two rate cuts over the first half of 2026, according to Westpac.
With private asset valuations emerging as a key concern for both regulators and the broader market, Apollo Global Management has called on the corporate regulator to issue clear principles on valuation practices, including guidance on the disclosures it expects from market participants.
Institutional asset owners are largely rethinking their exposure to the US, with private markets increasingly being viewed as a strategic investment allocation, new research has shown.
Australia’s corporate regulator has been told it must quickly modernise its oversight of private markets, after being caught off guard by the complexity, size, and opacity of the asset class now dominating institutional portfolios.