Escher's Teams to target small funds

Escher UK has launched a new multi-manager service, The Escher Asset Management Service (Teams), targeting smaller pension funds. Escher UK is an investment house which was created in March when William M Mercer, one of the world's biggest pension fund advisers, sold its SuperFlex multi-manager service to the South African company, PSG Escher. Teams is primarily aimed at pension funds under £100m. The group believes small to medium funds are often unable to take advantage of sophisticated investment strategies used by larger pension funds because of the costs of the management fees. Stuar...