A Nod to the Innovators
This issue is packed with wisdom from leading CIOs—including CalSTRS CIO Chris Ailman, who talks about the Spartan-inspired 300 Club for institutional investors, as
well as his passive-yet-vocal investment strategies. We check in with former TIAA-CREF
executive Scott Evans, who took on one of the “toughest” investing jobs at the NYC Retirement System and changed it for the better. We also ask UTIMCO CEO Britt Harris, who
wrought changes to hedge fund fee structures, what other assets might be due for a change.
Hartford HealthCare CIO David Holmgren, whose returns soared to 15.9% this year, talks
about his strategies for investing in China. Tom Joy from Church of England discusses the
lucrative forestry investments that have been boosting his portfolio.
Given the difficult investing climate of high valuations and shrinking public markets,
our Power 100 list on page 18 is heavily weighted toward innovation this year. As such, there
has been quite a bit of movement in the rankings. I won’t spoil it for you, but our #1 spot was
awarded to the CIO who has been leading the space by actively demanding change, building
networks, and investing successfully while running one of the largest plans in the US.
Also in this issue, since it’s hurricane season and the climate change debate over what
could be its exacerbating occurrences often entwines with conversations about investing,
Contributing Editor Amrita Sareen-Tak gathered a roundtable of four CIOs and a consultant
to discuss responsible ways to scale sustainability into portfolios in a return-seeking environment, and the gaps that need to be filled.
Growth is often synonymous with consumerism, but the case of China is particularly
intriguing as the tech and consumer-driven sectors continue to boom and the government
remains involved. What effect China’s mountain of debt will have remains a question. Our
cover story on China digs into often-ignored sectors, and presents investor interviews that we
think you’ll find useful. Also in this issue, private equity, with all of its dry powder, continues
to create an investor stampede. Learn about the perfect confluence of factors that make it
even more appealing.
As CIO continues to build its brand, we’ve added Business Editor Vishesh Kumar to our
team. Kumar’s deep background in investing from his time at Wofi Capital, a family office
and his journalistic acumen will give our reporting–and our future events—a sharper focus
on strategies for CIOs. Kumar’s work in this issue is a debut that speaks for itself, as he did
deep dives on several issues, as well as on our annual Power 100 list.
After months of gathering several hundred nominations, we recently released the names of our Innovation Awards finalists for CIO’s eighth annual gala on December 7. This year,
input for the nominations included asset owners who, in aggregate, represented more than
$1.2 trillion in assets under management.
The day of the awards will start with our global Influential Investors Forum at the
Harvard Club, and continue on to the glittery gala at the New York Public Library, where
our winners will be announced. As always, selecting the winners from their esteemed peer
groups will be difficult.
Be sure to reserve your spot to congratulate your favorite chief investment officers. The
evening as well as the forum is continuing to draw a large crowd of investors, who take the
opportunity to learn from each other under Chatham House rules. Upon the release of the
nomination list, our CIO finalists are reporting that they’ve already been delivered a flurry of
table invitations. December 7 is promising to be a great day. —Christine Giordano, Editor, CIO
EDI TORIAL TEAM
SooJin C. Buzelli, svp
EDI TORIAL CON TRIBUTION
Karen Epper Hoffman, Amrita Sareen-Tak
DESIGN & PRODUCTION
Lynn Connelly, Chris Kwon,
Claire Merchlinsky, Tiffany Pai
CON TRIBUTING ARTISTS
Eleanor Davis, Alessandro Gottardo,
Alex Eben Meyer, Brian Stauffer (cover),
Jillian Tamaki, JooHee Yoon
RESEARCH & SURVEYS
Quinn Keeler, svp,
Michael Garity, vp, Carol Popkins, vp,
Katie Campbell, Ana-Alyse Castelluccio,
Melissa Groccia, Lucille Velander
CUS TOM MEDIA PROGRAM MANAGER
Michelle Judkins, michelle.judkins@
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