Towers Watson thrives on single manager and FOHF selection

Thu Sep 2, 2010


Towers Perrin and Watson Wyatt have combined forces to create a client-driven hedge fund expertise


By Barry Cohen

With the completion of the merger of Towers Perrin and Watson Wyatt to form Towers Watson on 1 January 2010, the new publicly listed company has emerged as undoubtedly one of the biggest players in the worldwide investment consultancy industry. Combining their forces has created an equity value of $3.5 billion for the new entity and a global staff of 14,000 associates.

 
Damien Loveday and Sasha Temple-Jones


While both parties brought their own specific advantages to the negotiating table, Watson Wyatt delivered the dedicated hedge fund advisory business to the partnership. As Damien Loveday, global head of hedge fund manager research and a veteran of Watson Wyatt, explains: "One of the reasons for the merger was that we had almost no overlap in research teams geographically. But Watson Wyatt also had a much bigger presence in investment advisory work, especially in terms of...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI