Hedge Funds

Licence to sit in rearranged Principle's office

Private equity placement agent Principle Advisory Services has hired former Deutsche Asset Management institutional boss Ken Licence as an executive director, among a number of ownership and personnel changes which will also see Les Fallick step down as managing director.
Investment Strategy

Mercer takes the plunge with managed futures

Mercer’s multimanager funds have taken note of stellar performance from managed futures managers over the past year, making their first ever allocation to the asset class at the same time as helping break the mandate drought in global equities, awarding $400 million to RCM Global Investors and $300 million to Martin Currie.