Mercer appointed by IOOF for consultancy
IOOF is leveraging Mercer’s market insights and asset allocation systemisation thanks to a new collaboration venture that has seen the consultancy appointed as the asset consultant for IOOF Investments.
IOOF chief investment officer, Don Farmer said the partnership fitted well with IOOF’s planned strategic agenda.
“Mercer has a solid fit to our existing investment methodologies and provides another layer of competitive advantage to our robust multi-manager investment approach,” he said.
“The appointment allows our highly experienced portfolio managers to leverage the strength of Mercer’s deep global and local manager research…to support the team in the delivery of strong performance outcomes to our clients.”
Former consultant Russell Investments signalled its intention to end their consulting arrangement with IOOF in 2016.
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