Mercer announced that eight consultants joined the alternative investment group within the firm’s investment consulting unit. All positions are new, confirmed Mercer spokesman Charles Salmans.
“We are investing for the future by building a talented and experienced team in alternatives today. We believe that we will see strong and growing demand for expertise in these asset classes,” Jeff Schutes, boutiques business head within Mercer’s investment consulting group, said in a news release Feb. 11.
Three senior associates joined Mercer’s Chicago office. Laura Milligan is responsible for North American private equity strategy research, and Christopher Schelling and Michelle “Shelley” Elson are hedge fund researchers. Ms. Milligan is a recent business school graduate and previously worked as an associate focusing on private equity strategies at Adams Street Partners. Mr. Schelling was a director, alternative strategies, Thomson Reuters’ capital markets group. Ms. Elson was an analyst at Glenwood Capital Investments until 2008.
In London, four Mercer investment consulting employees were moved into the alternatives group, including principals Simon Fox, Robert Howie and Sanjay Mistry and associate Amarik Ubhi, Mr. Salmans said. He did not have information about replacements for their previous roles.
Mr. Fox is responsible for hedge fund, commodities, timber and agriculture investment strategies. Mr. Howie is responsible for hedge funds, infrastructure and insurance-linked securities strategies. Mr. Mistry focuses on private equity and illiquid investments. Mr. Ubhi joined the alternative investment unit to focus on infrastructure investing and also is working on Asia Pacific equities within Mercer’s investment consulting equities group, Mr. Salmans said.
Jennifer Cowan joined Mercer’s alternative investment group in Sydney as a senior associate. She specializes in research on unlisted assets, including private equity, according to the release. Ms. Cowan was a senior analyst at Mariner Financial.