Mercer’s global assets under management reached $115.5 billion as of Dec. 31, up 34% from the end of 2013, spokeswoman Alayna Francis said.
Of Mercer’s global AUM, its North America business totaled $52.8 billion in assets at the end of 2014, of which $46.6 billion represented its U.S. business. Mercer’s European business represented $41.5 billion, while the Asia-Pacific region had $21 billion in AUM. Its emerging markets business totaled $200 million in assets at Dec. 31.
“We foresee strong continued demand for delegated solutions in the U.S. as Mercer clients seek help navigating current market challenges and volatility,” said Tom Murphy, a senior partner at Mercer and U.S. head of fiduciary management, in a news release. “We continue to see significant growth in the defined benefit market with an increasing number of clients utilizing our skills for LDI.”
Mr. Murphy added that in the defined contribution market, the firm is working to help institutional investors mitigate fiduciary risk while managing their costs and seeking better participant outcomes.
In the endowments and foundations markets, meanwhile, executives in the firm “are seeing continued high demand for delegated alternatives mandates as investors seek genuinely diversified strategies provided through highly transparent and cost conscious structures,” Mr. Murphy said.