Mercer Super Trust has ditched its $2.3 million emerging markets equities mandate with London-based fund Lloyd George Management.
It is the second Australian institution to drop Lloyd George in the space of a month.
Industry superannuation fund BUSSQ terminated its $30 million emerging markets mandate with the manager in July.
BUSSQ's asset consultant, Frontier Investment Consulting, said at the time it was not confident in Lloyd George following news about key staff departures.
In April, it was announced investment managers Jacob Rees-Mogg and Edward Robertson and analyst Dominic Johnson had left.
