Manager search activity up 22% in 2009

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GLOBAL - Institutional investors' search for managers grew globally by 22% last year and pension funds are likely to show more interest in liability driven investment, data from Mercer revealed.

The consultant said it advised on 826 manager searches across the world last year, up from 676 in 2008. The searches represented US$97.2bn in assets placed by 406 institutional investors. Mercer...

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