Russell Investments tilts back towards consulting

Multi-manager investments, which Russell Investments helped pioneer in the 1980s, is "a specific implementation of the time", says Andrew Doman, the firm's recently appointed CEO in Tacoma, Washington. By that he means multi-manager mandates are a means to an end for investors, not an end in themselves. Russell Investments is best known in Asia as a purveyor of multi-manager products, but Doman says the firm is returning to its roots as an investment consultant. "We are recommitting…