If only. You don’t live in Mayfair. You don’t play
golf in Greenwich. You drive yourself to the office
in a moderately nice car, but you’re still driving
yourself. When you get there, you control billions
of dollars—but it’s not yours.
You’re part of a unique group. On a whim (and
with some approval from your Board), you can
axe a $100 million allocation or make a minority
manager’s career by choosing him or her over a
more established firm. Yet, the reality is that you
steward capital—you don’t own it.
So, you’re part of the Billionaire’s Club, but not the
one housing Warren Buffet or Carlos Slim. Let’s
call it the Poor Man’s Billionaire Club. There’s some
nobility in that. We at aiCIO think that nobility
should be fêted—for more so than most, many
millions depend on you doing your job well.
The aiCIO Special Report is that fête. Through
this supplement, we aim to celebrate you, the
individuals who act as guardians for the true
end-users of the financial system—the men
and woman who rely on matchless investment
management to attend university, to be secure in
their insurance, to garner life-giving grants, and
to live comfortably in retirement.
aiCIO honors this group through our exhaustive
research into exactly which funds constitute the
aiGlobal 500 —our proprietary listing of the world’s
500 largest endowments, foundations, pension,
insurance, and sovereign wealth funds—and who
the key investment personnel are at each. While
you don’t all refer to yourselves as chief investment
officer, you do have one thing in common: You are,
within your organization, the force behind the
movement of capital. Because of the responsibility
you have, we believe it important to identify and
recognize you for the work you have done, and
continue to do. In addition to this listing, we
have chosen six exemplary investment directors
from the aiGlobal 500, individually profiling them
alongside their peers. It’s a trend started with our
Interrogations, which we are proud to extend to the
very best in the asset owning community.
Of course, no fête can create better returns or a
more perfect asset allocation. The complicated
and difficult work begins anew each day. Yet, we
hope that when the workday is done, as you head
home to your decidedly non-billionaire-like house,
you will keep your peers—and, more importantly,
the men and women who rely on you—in mind.
And aiCIO, of course.
23 | ai-CIO.com | October 2010