Mercer Investment Consulting (Mercer IC) and Invensure have entered into a co-operation agreement to provide manager research and selection services to the Danish institutional investment market.
Many Danish life insurance companies and pension funds have now moved from internal to external asset management, says Mercerm and the demand for sophisticated mainstream and alternative investment products is expected to increase exponentially in coming years.
“We have developed a strong position among large clients in the rest of the Nordics and we strongly believe that, together with Invensure, we will establish a similar position in Denmark,” says Nicolai Berg, Nordic head of Mercer Investment Consulting. “Mercer IC and Invensure are well-placed to provide research intelligence and advice to help local organisations develop their investment management arrangements.”
Invensure is a Danish investment consulting company focusing on asset liability analysis, risk management and strategic asset allocation advice for Danish life insurance companies and pension funds. Founded in 2003, it has provided consulting services for over half of the Danish life insurance companies and pension funds with around €100 billion in assets under management.
“Over the last six months Invensure have been researching the market for an investment consultant to work with in supplying global manager research to the domestic market, and has come to the conclusion that Mercer IC is the optimal business partner,” says Sren Andersen, CEO, Invensure. “We are attracted to Mercer IC’s depth and breath of manager and product research, as well as its resources and commitment to serving the Nordic markets. Clients will have access to Mercer IC’s research, either through its consultants or its award-winning, internet-based global investment management database and management performance analysis.”
“Mercer IC is committed to the Nordics and now has a local presence in Olso, Copenhagen, and Stockholm, where staff were hired last year from MPIR, a local investment consultancy,” adds Andrew Kirton, European head of Mercer IC. “The partnership with Invensure, a high-quality Danish operation, is key to further developing our footprint in the region.”