Mercer Not-For-Profit and Private Wealth Investment Summit 2017 | Marsh & McLennan Companies | 25 September 2017 | St Louis, MO , Ritz Carlton St Louis 100 Carondelet Plaza St Louis, MO 63105

Much has been written about the challenge of generating returns when yields and risk premia are relatively low. It is, however, just as important for investors to recognize the many sources of economic and political fragility in an environment in which we may be reaching the limits of monetary policy effectiveness. Investors are therefore compelled to consider a wide range of possible futures and to build portfolios that are likely to be resilient to a range of scenarios.

In response to this challenging set of circumstances, investors need to look both inward and outward. Looking inward, investors should seek to identify any characteristics of their approach, objectives or circumstances that might provide a competitive edge or raise the importance of certain categories of risk. Looking outward, investors can then seek to build a portfolio of assets and strategies that maximizes their specific advantages and improves the likelihood of meeting their long-term objectives while managing the risk of capital impairment.

Chris Adkerson
Higher Education Segment Leader
Mercer

Mike Ancell
Senior Investment Consultant
Mercer

David Axelson
Partner and National Segment Leader for Healthcare
Mercer

John Barker
Chief Investment Officer
Partners HealthCare

Anthony Brown
Director of Strategic Research
Mercer

Libby Cantrill
Executive Vice President and Head of Public Policy
PIMCO

Chris Ebersole
Principal
Mercer

Stephen Ewen
Deputy CIO — Hedge Funds
Mercer

Marc Feliciano
Chief Investment Officer and Managing Director
Deutche AM

Michael Forestner
Global CIO of Mercer Private Markets
Mercer

Carl Gordon, PhD, CFA
Partner and Co-Head of Global Private Equity
Orbimed

Blake Hill
Investment Consultant
Mercer

Ben Inker
Head of Asset Allocation Team
GMO

Beth Johnson
Senior Investment Consultant
Mercer

Russ LaMore
US Foundation Segment Leader
Mercer

Jay Lichter, PhD
Managing Director
Avalon Ventures

Christopher Lord
Co-Founder and Managing Partner
Criterion Capital Management

Jason MacDonald
Director of Investments
Rutgers University Endowment

Dave McMillan
CIO — Hedge Funds
Mercer

Toby Moskowitz, PhD
Principal and Dean Takahashi Professor of Finance
Yale University

Craig Palmer
Principal
Golub Capital

Jessica Portis
Investments Leader, Not-for-Profit Segment
Mercer

Travis Pruit
US Business Leader for Not-for-Profit OCIO Services
Mercer

Austin Roberds
Principal
Mercer

Eric Savi
Managing Director and Global Head of Infrastructure Debt
BlackRock

Erik Sebusch
Private Markets Investment Consultant
Mercer

Ken Shimberg
CIO — Investments, Not-for-Profit Segment
Mercer

Shaum Shrinivas
Senior Investment Consultant and Portfolio Manager

Sally Staley
Board member, investment committee chair/member and advisor to the for-profit and not-for-profit sectors of institutional investment management.

Paul Staples
Central Market Defined Contribution Segment Leader
Mercer

Peter Svennilson
Founder and Managing Partner
The Column Group

Carissa Tepovich
Investment Consultant
Mercer

Bryon Willy
Principal
Mercer

Geoff Wilson
Senior Investment Consultant
Mercer

Freeman Wood
Head of North America, Mercer Sentinel Group
Mercer