Mercer Investment Consulting will close its manager advisory business...

Mercer Investment Consulting will close its manager advisory business in the United States to focus on its core business of advising plan sponsors on asset investment. Mercer’s Manager Advisory businesses in the United Kingdom, Europe, Asia and Australia will continue to advise local and global investment management firms. "Outside the U.S., the accelerated pace of change in the investment industry is fueling continued demand for Manager Advisory’s consulting work,” said Tim Gardener, London-based global practice leader for Mercer Investment Consulting.