ELS25: Challenges and Solutions: Operations, Governance, Endowments

David Bluestein is a Principal and Senior Investment Consultant with Mercer in the Endowments and Foundations Group. Based in Boston, David brings over twenty-two years of experience as a consultant and investment manager. He has advised endowments, foundations, and private clients on asset allocation, manager selection, spending policy, risk, performance monitoring, and all other issues regarding the management of institutional portfolios. He has also conducted research across many different asset classes and strategies, including public and private asset managers. Before Mercer, David was a Senior Investment Consultant at Crewcial Partners (formerly Colonial Consulting), where he worked with endowments and foundations on all aspects of their investment portfolios, contributed to manager research, and wrote the firm’s quarterly commentary. Prior to that, David worked at Cambridge Associates, where he was a generalist consultant and later a specialist consultant constructing customized hedge fund programs for clients. This led to an opportunity to join the partnership at Nyes Ledge, a hedge fund-of-funds, where he was part of the manager selection team and performed research across all hedge fund strategies.

David earned a BS in Management from the State University of New York at Binghamton, and an MBA from the Tuck School of Business at Dartmouth.

Lucy Momjian serves as Senior Education Strategist in Mercer's Endowment and Foundation Investment Practice working with higher education and independent school Outsourced Chief Investment Officer (OCIO) and advisory clients on their investment portfolios and supporting them with custom analyses and research. She joined Mercer in March 2024, in concert with its acquisition of Vanguard's OCIO unit, where she most recently served in a similar role. Prior to Vanguard, Lucy had the privilege of working in leadership roles within the University of Pennsylvania's (Penn's) Investment and Treasury Offices for over 20 years. As a result, she brings direct experience to managing both sides of a University's balance sheet and a deep understanding of risks that colleges and universities address.

Lucy holds a Bachelor's degree in Economics from the Wharton School of the University of Pennsylvania and an MS in Higher Education Administration from Penn's Graduate School of Education. Lucy holds both the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations. She served as a long-term board member and former President of the CFA Society of Philadelphia. 

Cori Trautvetter is a Partner and serves as Mercer’s U.S. Endowment and Foundation Commercial Leader and is part of the Endowment and Foundation Leadership Team. She is located in the St. Louis office and is also a member of the firm’s Endowment & Foundation and Values-Aligned Strategic Research Teams. Prior to its acquisition by Mercer in 2018, Cori was a Managing Director at Pavilion Advisory Group Inc. where she provided strategic investment advice to endowments, foundations, defined contribution plans, defined benefits plans, healthcare organizations and Taft-Hartley funds along with heading up the firm’s Endowment and Foundation Practice. Cori joined Pavilion Advisory Group Inc. in 2000. Prior to joining Pavilion Advisory Group Inc., Cori served for five years as an Associate Banker at Illini Bank in Springfield, IL. At Illini Bank, her responsibilities included managing consumer loans for numerous clients.

Cori is a member of the Chartered Alternative Investment Analyst (CAIA®) Association. She earned a Bachelor of Science degree in Finance from Eastern Illinois University. She currently serves on the Eastern Illinois University’s School of Business Advisory Board. Cori is also a Board Member for Youth In Need, a nonprofit child and family services agency and is an Investment Committee Member for the Daughters of Charity – Province of St. Louise.