Mercer plans to more than double its research staff in real estate and alternatives as part of a move to create a global asset-class research boutique structure, confirmed spokeswoman Mags Andersen. Research boutiques also will be set up for equity and fixed income.
“With our large clients, the real competition is increasingly from specialist research firms who put all their resources into researching single asset classes,” Andrew Kirton, Mercer’s global head of investment consulting, said in a news release. “By creating our own specialist teams, we are taking our global manager research to the next level and will be able to compete with specialist boutiques, as well as provide our larger clients with a more comprehensive service.”
In 2006, Mercer doubled the size of its alternatives research team to 12, and started covering hedge funds, multistrategy funds and directly invested private equity funds.