UK - Towers Watson has combined its three investment research teams into one group in a bid to uncover new investment opportunities.
The three teams - Manager Research, Asset Research and the Thinking Ahead Group - together comprise over 150 staff and will be led by Craig Baker, who retains overall leadership of the Manager Research team.
Towers Watson said despite merging the teams it would continue to prioritise specialisation. The new group consists of more than 100 dedicated manager researchers covering traditional and alternative mandates, an asset research team which supports Towers Watson's Global Investment Committee and a specialist hedge fund team of 20 people responsible for helping clients manage direct hedge fund portfolios, with assets under advice of about $15bn.
It also includes a specialist private markets team of 30 people responsible for advising clients on managing direct private equity, real estate, infrastructure or private markets portfolios with assets under advice of $40bn and the Thinking Ahead Group, which is dedicated to generating new ideas.
Towers Watson global head of investment Carl Hess said: "The new structure will allow us to better resource investment opportunities as they arise as well as reinforce the inclusive framework for beta and alpha which we advocate."
"Our global research efforts must respond to rapidly changing market demands while creating value for our clients. This combined structure is designed to reinforce our market position as providers of unbiased investment advice and build on a very real differentiator in a world that both demands and rewards such efforts."
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