For the sixth Power 100, CIO digs into the modi operandi
of the industry’s best innovators, collaborators, and talent
developers—with an emphasis on innovation to reflect an
era of unprecedented change and technological disruption.
FOR THE SIXTH iteration of the Power 100, CIO welcomes you to the Age of Innovation. In 2011, the
largest publicly traded companies by market capitalization were Exxon, Apple, PetroChina, Shell,
and the Industrial and Commercial Bank of China.
Just five years later that list had morphed into Apple, Alphabet, Microsoft, Amazon, and Face-book. That changing of the guard is a sign of the times, with technology innovators sidelining old
economy stalwarts in energy and finance. Asset owners and managers need to cultivate a similar
mindset based on innovation to thrive (or even survive).
As in the economy, innovation is also far more important in our methodology now. It counts for
50 out of 100 as opposed to the prior 30. For asset owners who can innovate in these rapidly shifting
times, well, more power to them!
Rapid risers in these year’s ranks include University of California CIO Jagdeep Bachher, who
revamped its $110 billion asset allocation and alternative manager selection, delivering returns of
14% over the last 11 months. Bachher is also a thought leader when it comes to all things tech and
innovation from his perch on the West Coast.
We check in with Chris Ailman, the CIO of the California State Teachers’ Retirement System,
which manages close to $200 billion. Ailman is spearheading the North American efforts of the 300
Club, an organization dedicated to rethinking asset ownership and financial markets as we know them.
Also weighing in: Britt Harris, whose move to U TIMCO underscores another key trend of the
year—asset owners taking up new challenges. —CIO