Mercer Investments, the multi-manager business of Mercer, has awarded global asset manager Legg Mason a $125 million Australian small companies mandate.
The company joins Mercer’s stable of small company managers after a long period of analysis and research by the consultant.
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Legg Mason said it believes its combination of investment experience, long term performance results, quality of process and capabilities of the investment team provided a strong case for inclusion in the multi manager suite.
Financial Standard quoted Legg Mason head of distribution Beau Titchkosky as saying, "We are delighted to be partnering with Mercer and look forward to helping them achieve strong investment returns for their multi-manager clients."
The Legg Mason small companies strategy aims to outperform the Small Ordinaries Accumulation index by 5% per annum and invests in approximately 45 companies outside the ASX top 100.
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