It has been 77
days since we published our last issue—the June and 50th edition that
identified 50 Things That Matter to institutional investors—and it’s been one
the unthinkable: The United Kingdom voted to leave the European Union on June
23, shocking the world—and, most of all, our European Editor Nick Reeve. (“Oh
f*&%. Hold on to your hats; here we go,” were his exact words). On the
other side of the pond, Donald Trump officially clinched the Republican
nomination on July 21, beating out 18 other candidates. Just days after walking
onstage against a backdrop of intense floor lights to Queen’s “We Are the
Champions,” Trump declared, “I am your voice. We will make America strong
again. We will make America proud again. We will make America safe again. And
we will make America great again.” Get ready to hear that a whole lot more over
the next few weeks.
aside all jokes about his hair, his rhetoric, and his obsession with his
daughter Ivanka, what would a Trump presidency look like? How would his (often
fluctuating) policies and proposals affect the investing climate? And what
other unthinkable scenarios—never say never—could trump Trump? It’s the World
If, according to CIO.
also address change in our annual list of the world’s most influential
investment consultants. To those much-deserving 20 Knowledge Brokers, we asked
how consultants can still add value for clients as criticisms for the industry
continue to rise—and what it takes to evolve and stay relevant. To my surprise,
many admitted some of the critiques are warranted and some are already making
significant headway in differentiating themselves—and simply doing better.
lastly, we investigate if anything has noticeably changed in the transition
management sector following years of scandals that CIO helped
bring to light—scandals that began with State Street in 2011 and ended with two
of its former transitions executives arrested. Trust has been in short supply
in this area for years—but it seems meaningful change has yet to come. The
sector isn’t standing still, however: Our annual survey of transition managers
shows client habits and provider ratings are continually changing.
has been a consistent theme at CIO over the summer as well. As most of you may
already know, Kip McDaniel and Leanna Orr departed in July. As the person who
has taken up the baton, I thank you for continuing to read CIO and
supporting us. You’ll find the new era of CIO still honors the same values it always has:
identifying and celebrating innovation, investigating scandals, asking the
difficult questions, and—most of all—writing for the allocators.