Mercer Global Investments (MGI) has terminated a $170 million Australian listed property mandate with Legg Mason and replaced it with a $120 million Australian listed property mandate with Credit Suisse.
MGI also terminated a $120 million emerging markets mandate with AMP's Future Directions Extended Markets International Share Fund.
The changes took place as part of MGI's first quarter review, which also included new mandates with long/short specialist Acadian, which won an active mandate worth $7 million, and BlackRock, which won a $60 million emerging markets mandate.
