Mercer's outsourced assets up 32% in 2012

Mercer managed $69.8 billion in its delegated investment solutions globally as of Dec. 31, an increase of 31.7% from $53 billion a year earlier, the company said Wednesday.

U.S. delegated assets increased to $24 billion at the end of 2012, said Tom Murphy, Mercer's head of fiduciary management in the U.S. in a phone interview, a 41% increase from the previous year.

Mr. Murphy said a key factor helping Mercer obtain new business is equity market volatility along with the low-rate interest environment. “There is a lot of head scratching as to how return targets are going to be met,” he said.