Massachusetts Water Resources Authority (“MWRA”) Employees’ Retirement System
Select Equity Principals
INVESTMENT MANAGEMENT & RESEARCH
APPENDIX
PORTFOLIO MANAGEMENT
George S. Loening, Chairman, Portfolio Manager, Analyst, Principal
Mr. Loening founded Select Equity in January 1990. He has been responsible for the portfolio management of the Mulberry Street strategy (the Firm's US long-only strategy) since its inception
in January 1991, of SEG Partners (the Firm's US long/short strategy) since its inception in April 1998 and of the SEG Blackwall strategy (the Firm's US core long-only strategy) since its inception
in January 2008. Mr. Loening is a member of the Firm's Management Committee. Mr. Loening received a B.A. from Columbia University.
Chad M. Clark, Portfolio Manager, Analyst, Principal
Mr. Clark joined Select Equity in August 2010. He has been responsible for the portfolio management of the Cooper Square strategy (the Firm's international long/short strategy) since its
inception in January 2011 and of the Baxter Street strategy (the Firm's international long-only strategy) since its inception in September 2012. Mr. Clark is a member of the Firm's Management
Committee. Prior to joining Select Equity, Mr. Clark spent 14 years at Harris Associates, where he was a Partner and co-managed the Oakmark International Small Cap Fund and Harris
International Value L.P. Prior to Harris Associates, he was an Analyst in Corporate Finance at William Blair & Company. Mr. Clark is a CFA® charterholder. Mr. Clark received a B.S. from
Carnegie Mellon University (summa cum laude).
Laura S. McKenna, Portfolio Manager, Analyst, Principal
Ms. McKenna began at Select Equity as an intern in 1993 and later joined the Firm full time in September 2001. She is the Portfolio Manager of the Mulberry Street strategy and is a member of
the Firm's Management Committee. Ms. McKenna served as Director of Research from 2010 to 2013. Prior to joining Select Equity, Ms. McKenna was a Senior Analyst and Managing Director
at Wanger Asset Management. Ms. McKenna is a CFA® charterholder. Ms. McKenna received a B.A. from the University of Virginia and an M.B.A. from the University of Michigan (with high
distinction).
Matthew C. Pickering, Portfolio Manager, Analyst, Principal
Mr. Pickering joined Select Equity in December 2010. He is the Portfolio Manager of the Cooper Square strategy and the Baxter Street strategy. Prior to joining Select Equity, Mr. Pickering was
an Analyst with Harris Associates for four years. Prior to Harris Associates, he worked for six years as an Analyst and Associate Portfolio Manager with Institutional Capital. Mr. Pickering is a
CFAⓇ charterholder. Mr. Pickering received a B.S. from Miami University (magna cum laude).
Abigail E. Schumer, Portfolio Manager, Co-Director of Research, Analyst, Principal
Ms. Schumer joined Select Equity in September 2005. She is the Portfolio Manager of the Great Jones strategy (the Firm's concentrated opportunistic long-only strategy) and is a member of
the Firm's Management and Executive Committees. Ms. Schumer received a B.A. from Yale College (cum laude).
Brian M. Vollmer, Portfolio Manager, Analyst, Principal
Mr. Vollmer began at Select Equity as an intern in 2005 and joined the Firm full time in August 2006. He has been responsible for the portfolio management of the Crosby Street strategy (the
Firm's global large cap long-only strategy) since its inception and is responsible for the day-to-day management of the Sheridan Square strategy (the Firm's international large cap long-only
strategy). He is also an Associate Portfolio Manager of the Baxter Street strategy and is a member of the Firm's Management Committee. Prior to joining Select Equity, Mr. Vollmer worked as a
private equity Investment Analyst for Hicks, Muse, Tate & Furst. Prior to Hicks, Muse, Tate & Furst, he worked in the Investment Banking Division at Goldman Sachs. Mr. Vollmer received a
B.S. from the University of Virginia (with distinction) and an M.B.A. from the Stanford Graduate School of Business, where he graduated as an Arjay Miller Scholar.
As of December 31, 2020.
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