Scepticism about the 10-year investment mandate

May 5, 2004

Are institutional investors really in it for the long term? Mercer isn''t so sure.

Most institutions are not 'long-term investors' and shouldn't pretend they are when figuring out how to appoint and review external fund managers, says Tim Gardner, Mercer Investment Consulting's London-based global investment consulting practice leader at a recent seminar organized by the firm in Hong Kong.

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