In episode 86, Alex Proimos speaks with Rich Nuzum, president of Mercer’s Investments & Retirement business. This episode discusses the concerns influencing global investors. We explore the issues of low long-term real interest rates, demographics, water security, geopolitics and climate change and how can fiduciaries price and incorporate these concerns into their portfolio construction. We also discuss the current market structure, the preference for private assets and the allocation of capital and the challenges of being a long term investor during heightened periods of uncertainty.