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All material subject to strictly enforced copyright laws. Mercer acquired Callan Associates, a leading U.S. investment consulting firm, in 2009. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

The investment manager is on the lookout for other like-minded investors and has already made significant co-investments in recent years. Kuhns & Associates, Inc.) provides world-class investment advice to institutional investors, including defined benefit and defined contribution pension plans, endowments and foundations, insurance companies, and other special purpose funds. Top1000funds.com. Among firms outside our Top Ten, Callan Associates was the only firm adding at least $10 billion.

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The Allianz Structured Alpha 1000 plus seeks to generate returns of 10% to […]

This year […]Global pension funds continue to have a defensive asset allocation, reflected in the anaemic growth in the total assets of the world’s largest 300 pension funds by less than 2 per cent in 2011, new Towers Watson research reveals.

Understanding complexity and both the risks and potential opportunities that can arise from an increasingly […]

CIT target-date funds have eroded the dominance of their mutual-fund-based brethren, according to Callan Associates surveys.

As of 3/31/20, Wilshire Consulting has over $867 billion in assets under advisement, of which over $10 billion is discretionary assets under management.

San Diego City Employees’ Retirement System invested in the Allianz Structured Alpha fund in October 2016 and had US$ 281,669,502 in the strategy as of December 31, 2019.In 2016, after strong inflows of investor capital, Allianz closed the Allianz Structured Alpha fund to new investors as of November 8, 2016, as it reached its capacity limit of US$ 7 billion.Keywords: Allianz SE, San Diego City Employees Retirement System.We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox© 2008-2020 Sovereign Wealth Fund Institute.

Ten of its clients are from the public sector.Evaluation Associates also has 50 defined-benefit plans under advisement and 457 of the defined-contribution plans it managed were with government entities.Mercer’s US investment consulting leader, Jeff Schutes (pictured), has hinted at further acquisition targets in interviews following the announcement of this latest deal.“This acquisition, along with our acquisition of Hammond Associates earlier this year, underscores Mercer’s commitment to our investment business and our determination to increase our US market share,” Schutes said.In subsequent interviews he has flagged a 20 to 25 per cent US market share as an aim and has said Mercer plans to put “space between us and the second (biggest) player”.Neither Mercer nor Callan would detail how much of the Evaluation Associates assets under management they would be respectively taking over.Mercer said it has more than $3.7 trillion under management, putting in the top tier of investment consultants.The various strands of the Evaluation Associates deal are expected to be closed by June 30.top1000funds.com is the news and analysis site for the world’s largest institutional investors.Focusing on investment strategy and implementation, it is populated by original news stories, case studies and research that relate directly to the work of investment professionals at pension funds, endowments and sovereign wealth funds.© 2020 Conexus Financial. In the mid-1990s, Wilshire launched its first Private Equity fund of funds, meeting institutional investors' growing appetite for alternative investments. This is the biggest co-operation between the Mercer and Callan since their failed 2009 courtship.
Name of Firm: Callan Associates Inc. Key contact and title: James A. Callahan, EVP and Head of Consulting Geographic location: San Francisco, CA (offices in Atlanta, Summit, NJ, Chicago, Denver) Telephone: 415-974-5060 Email: Callahan@callan.com OCIO Assets Vs. Total Assets under advisement: $21 billion in discretionary assets under management, $2 Trillion non-discretionary advisory It serves fund sponsors, financial Callan Associates is a large advisory firm with 621 clients and discretionary assets under management (AUM) … SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Allianz Global Investors (AllianzGI) is liquidating two hedge funds. It more than doubled, growing AUM by an impressive 150 percent, from $8.4 to $21 billion. Allianz Global Investors (AllianzGI) is liquidating two hedge funds. 53 providers, $872 billion in discretionary assets, and more than 10,000 clients. The P&I/ Towers Watson Global 300 research reveals that concerns about ongoing uncertainty in global markets […]On the first page of the British Columbia Investment Management Corporation (BCIMC) annual report is a flow chart titled “complexity and connections”, outlining how the Japanese earthquake and subsequent tsunami and nuclear disaster sent shock waves through the global economy. While acknowledging the need to rethink quant models, global head of active equities for developed markets at State Street Global Advisor […]As British Columbia Investment Management Corporation (BCIMC) moves towards its target of having 30 per cent of its portfolio exposed to real assets, it is seeking collaborative opportunities with similar large institutional investors. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues.

Investment strategies for the world's largest institutional investorsInvestment strategies for the world's largest institutional investorsThe recent alliance between Mercer Investment Consulting and Callan Associates to acquire the bulk of Evaluation Associates – the investment consulting arm of Milliman Inc – could be the start of a cooperation that targets other potentially attractive acquisitions in the US industry.This latest deal continues the close relationship between Mercer and Callan in the wake of their failed merger deal in early 2009.As part of the deal, Callan Associates would acquire 10 public defined-benefit clients from Evaluation Associates.The total value of the assets under management from these public sector clients was not disclosed, but Evaluation Associates has $200 billion of assets under advisement.This is the biggest co-operation between the Mercer and Callan since their failed 2009 courtship.There has been speculation this could be a taste of things to come, with the two consulting giants potentially co-operating to target further attractive acquisitions in the US consultation market.Mercer announced in October last year it would quit the US public fund arena, and this could allow both Mercer and Callan to each carve out distinct areas of any potential acquisition’s client base.“By co-operating on this transaction, Mercer and Callan are able to pursue their separate, strategic goals in the investment consulting market,” a Mercer spokesperson said.The consolidation in the US industry has been driven not only by the usual merger and acquisition considerations but also by the changing nature of investment consultancy.Investors are increasingly demanding a better alignment between liabilities and asset management and more skills in alternative investments – something many boutique firms may struggle to provide.A watershed in this change came last year when Hewitt Associates snapped up Chicago-based Ennis Knupp in a deal that made them one of the biggest investment consultancies in the world.The deal combined Hewitt’s actuarial business and extensive skills managing pension risk with the investment management talents at Ennis Knupp, allowing it to provide advice that could provide expertise on both sides of a fund’s balance sheet.Mercer also moved to take advantage of this investor demand for deeper resources and knowledge when it bought St Louis-based Hammond Associates in January.Not only did it give Mercer a foothold in the endowment, foundation and wealth management segments of the US market, but it also provided another attractive area of specialisation to potential clients.This latest deal further bolsters some of the benefits of the Hammond acquisition.Evaluation Associates said that half of its 155 clients consisted of a variety of non-profits, including education endowments, private foundations and religious organisations.
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The company also provides fund sponsor consulting and asset management services.