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Ela Karahasanoglu Benedicte Gravrand, Opalesque Geneva for New Managers: "Mercer has been carefully listening to what our clients are saying, what the institutional world is talking about and where the industry is heading. For instance, we are now focusing more on emerging and niche managers," said
Ela Karahasanoglu, Principal and a Senior Manager Research Consultant at
Mercer’s Alternatives Boutique, Toronto, during the recent Opalesque Canada Roundtable. Mercer is an American global financial services consulting firm; its alternatives boutique is responsible for research and advice in alternative investment.
In the institutional consulting world, smaller managers can be challenging, even the better performers, in part because they potentially pose higher operational risk, she continues. Mercer has taken that risk into account and has started monitoring such managers for investors who have the required governance that enables them to make such allocations. The consulting firm marks these allocations as suitable for the "opportunistic bucket."
"I think this clearly illustrates the direction the market is taking," she adds. "Performance and alpha is sought after in different locations rather than, say, in mega managers who have traditionally tended to gather a lot of the institutional assets."
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