BRAVE NEW WORLD
Iwrite this letter in the afterglow of CIO magazine having won the “Best Media Brand” award in the annual Jesse H.
Neal Awards for trade magazines – not an easy feat, as the
contest categories had 550 entries overall. Of course, much
of the credit goes to chief investment officers who have
taken time out from their busy schedules to share information with us and make CIO a magazine worth reading.
In my last letter, I put out a call to CIOs to help create
something of an open forum. Afterwards, a number of you reached out to me to
suggest topics I might consider in order to best cover strategy and issues involving
CIOs. I continue to learn what an incredible community this is. Many leading CIOs
will also be joining us for our CIO Summit on May 24-25 with the intent of sharing
their knowledge (under Chatham House Rules, of course.) The theme is Institutional
Investing in a Brave New World, and we’ve got a lot to discuss. With this month
abuzz about the threat of government shutdown on April 29, the country’s disintegrating infrastructure, Trump’s summit with China’s Xi Jinping, migration in
Britain, America’s dropping farm revenues, and Cuba’s rising entrepreneurs, we’ll
also discuss how macro changes could affect portfolios. In addition, we’ll have top
headhunters provide insight on how boards are benchmarking a CIO’s success, as
well as a large range of trending CIO topics.
We’ve touched on a bit of macro in this month’s magazine. These days, you
cannot seem to avoid discussions about ESG; we’ve decided to take it far into the
future for those investing with longer horizons. We explored the concept of overlaying ESG data atop emerging markets, and seeing how the two could play out
with investing. Writer Debbie Carlson asked which factor was paramount—
environmental, social or governance—when it comes to evaluating developing countries.
She dug a bit more and found which of those countries seem to be most promising
when it comes to ESG.
With the EU wobbling, writer Amrita Sareen-Tak explored currency derisking,
as well as a conversation we had with Textron’s CIO, Charles Van Vleet. Dawn Reiss
investigated the role LDI should play in the updates in mortality tables and how
much it will affect outcomes. Timing will be key. We also want to feature some topics
that affect CIOs on the job, and Joanne Cleaver dug into due diligence, (an unending
topic of exploration, of course,) and exactly how much of it CIOs might consider
taking on. Eric Laursen reviewed whether global tactical asset allocation will prove
itself, and found that it sometimes varies by geography, as well as the ability to make
subtle moves. In the back of our book, Jeff Ostrowski wrote a fun piece on CIO salaries and college football coaches… we hope you don’t mind.
When Sustainalytics released its report on megawaves and ESG, it was too
interesting not to explore. Researcher Doug Morrow has been rating companies that
will likely affect the future, and our interview discussed everything from driverless
car companies best prepared against hacking risks to countries where water scarcity
could threaten future investments.
Speaking of the future, our annual 40-under- 40 contest has gotten some strong
and inspiring nominations this year. We’re looking forward to featuring interviews
with them in CIO. Thanks for your submissions.
CREATIVE DIREC TOR
SooJin C. Buzelli, svp
CONTRIBUTING WRI TERS
Debbie Carlson, Joanne Cleaver, Eric Laursen,
Jeff Ostrowski, Dawn Reiss
DESIGN & PRODUCTION
Lynn Connelly, Grace Hough, Alanna Jacobs,
Chris Kwon, Claire Merchlinsky
Harry Campbell (cover), Jasu Hu, Suharu Ogawa,
Armando Veve, James Yang, JooHee Yoon
RESEARCH & SURVEYS
Quinn Keeler, svp,
Michael Garity, vp, Carol Popkins, vp,
Katie Campbell, Ana-Alyse Castelluccio,
Melissa Groccia, Lucille Velander
REPRIN TS MANAGER
SUBSCRIP TION INQUIRIES
Chief Investment Officer is
a Strategic Insight business.
Joel Mandelbaum, ceo
Karl Jaeger, cfo
Tony White, managing director
Mike Alfred, managing director
1055 Washington Blvd., Stamford, C T 06901
Chief Investment Officer (ISSN 2166-2142)
Vol. 8, Number 7, is published 7 times per year,
by Strategic Insight, Inc. No part of this
publication may be reproduced or transmitted
in any form without the publisher’s permission.
Authorization to photocopy items for internal or
personal use, or the internal or personal use of
specific clients, is granted by Strategic Insight,
Inc., provided that the appropriate fee is paid
directly to Copyright Clearance Center, 222
Rosewood Dr., Danvers, MA 01923, USA.
Tel: 978-750-8400. www.copyright.com.
© 2017 Strategic Insight.
Entire contents copyrighted.
LETTER FROM THE EDITOR