Welcome to CIO awards season, now in its 10th year! Today, we release the list of finalists who are chief investment officers and firms to learn from in 2019/2020. As we created our list, our mission was to search the industry for management firms that have truly enhanced the portfolios of their clients, and to find CIOs who are true leaders in their fields.
All of the CIOs who appear on our finalist list have not won an award in their category (from us) in the past. And as we canvassed and read through award nominations, we listened with fascination and took notes on reasons why people and firms were nominated. We learned which CIOs have bolstered their team to top returns, who has written the book on certain investing styles, and who is operating under a dual mandate of earning a return while generating economic benefit.
We also learned which managers are doing well for our CIOs, who created a fund where early anchor investors get a piece of the management fees, who has been an open–minded and thoughtful partner while generating great returns.
Our choices were highly influenced by our advisory board members of CIO past winners and consultants who lent their advice throughout the summer on top managers, top service providers, and the CIO peers they truly watch and learn from.
In all, some 600 nominations were received.
And from that list, we chiseled some 150 finalists: all people and firms that are changing our industry for the better. Winners will be asked to prove their case and will be chosen by the CIO editorial team in conjunction with our Advisory Board of CIOs. The CIO of the Year Award and NextGen Award will also be announced during the award ceremony.
On December 12, we will host both an Influential Investors’ Forum at the Harvard Club, as well as our glittery Innovation Awards gala at the New York Public Library, where the finalists will gather to hear the winners announced for 2019.
Save your seat or your table for December 12, because you’ll want to be in the room to meet finalists, talk with them about investing, and join the excitement as our winners are first announced. As many of you know, there is nothing like having a room full of respected peers to applaud your hard-won success. This year, we will also celebrate the woman considered to be one of the true masters of the industry, Robin Diamonte, CIO of UTC, as we honor her with a Lifetime Achievement Award. Last year, our Lifetime Achiever, Mansco Perry III, brought the ballroom to two standing ovations.
Our Finalist List is as follows:
Chief Investment Officers
Lifetime Achievement Award
Corporate DB Below $20 Billion
3M Investment Management Corp.
CenturyLink Investment Management
Corporate DB Above $20 Billion
Defined Contribution Plan
3M Investment Management Corp.
Karen L. Parkhill
Public Defined Benefit Below $20 Billion
Hawaii Employees Retirement System
Orange County ERS
Contra Costa County Employees Retirement Association
MERS of Michigan
Public Defined Benefit between $20-100 Billion
Healthcare of Ontario Pension Plan
Public Defined Benefit Above $100 Billion
Teacher Retirement System of Texas
New York State Teachers’ Retirement System
Canada Pension Plan Investment Board
Oregon Investment Council (OPERF)
Florida State Board of Investment
Health Care Organization
Blue Cross Blue Shield of Arizona
Memorial Sloan Kettering
Advocate Aurora Health
CommonSpirit Health (formerly Dignity Health)
The Sloan Foundation
West Virginia University Foundation
James Irvine Foundation
W.K. Kellogg Foundation
Institute for Advanced Study
Trinity Wall Street
University of Cincinnati
Sovereign Wealth Fund
Alaska Permanent Fund
New Zealand Super
The Utah School and Institutional Trust Funds Office (SITFO)
Bahrain Mumtalakat Holding Company
Unitarian Universalist Association
Evangelische Landeskirche Bayern
Mercy Investment Services
University of Iowa Center for Advancement Foundation
The Kresge Foundation
Charles Van Vleet
Margaret Cargill Foundation
Institute for Advanced Study
University of Chicago
Public Fixed Income
Barrow, Hanley, Mewhinney & Strauss
Beach Point Capital Management
Income Research + Management
Loomis, Sayles & Co.
Benefit Street Partners
Cerberus Capital Management
Crescent Capital Group
Oak Hill Advisors
Owl Rock Capital Partners
Kayne Anderson Rudnick
Marathon Asset Management
Brightstar Capital Partners
New Mountain Capital
RedBird Capital Partners
Goldman Sachs Asset Management
Darsana Capital Partners
TCI Fund Management
Two Sigma Investments
Backstop Solutions Group
SS&C Technologies / Tamale
State Street Global Advisors
T. Rowe Price
Aberdeen Standard Investments
Boston Common Asset Management
Breckinridge Capital Advisors
Erste Asset Management
Walden Asset Management
Acadian Asset Management
Avenue Capital Group
Lazard Asset Management
Oak Tree Capital Management
UBS Asset Management
AEW Capital Management
Carnelian Energy Capital
EIG Global Energy Partners
Global Infrastructure Partners
Pavilion Global Markets
State Street Global Markets
Edgehill Endowment Partners
Fund Evaluation Group (FEG)
Global Endowment Management
Summit Rock Advisors
ILS Capital Management
Legal & General Investment Management America
NISA Investment Advisors
Consultant of the Year
Patrick Adelsbach, Aksia
Nolan Bean, Fund Evaluation Group
Kevin Leonard, NEPC
Chris Lyon, Rocaton Investment Advisors
Mika Malone, Meketa Investment Group
Maggie Ralbovsky, Wilshire Consulting
A special thank you to this year’s advisory board of Innovation Award-winning CIOs:
Board chair, David Holmgren of Hartford HealthCare; and board members: Chris Ailman of CalSTRS; Raphael Arndt of Australia’s Future Fund; Paul Ballard of Texas Treasury Safekeeping Trust Co.; Harshal Chaudhari of GE; Dan Chu of the Sierra Club Foundation; Matt Clark of South Dakota Investment Council; Anne Dinneen of Hamilton College; Jonathan Grabel of LACERA; Rosalind Hewsenian of Helmsley Charitable Trust; Robert Hunkeler of International Paper; Kim Lew of Carnegie Corp.; Allan Martin of NEPC; Sam Masoudi of Wyoming Retirement System; Jacque Millard of Intermountain Healthcare; Chad Myhre, (2018 NextGeneration winner) and portfolio manager of hedge funds and domestic equities, Public School and Education Employee Retirement System of Missouri; Mansco Perry III of Minnesota State Board of Investment; Susan Ridlen of Eli Lilly; Anthony Waskiewicz of Mercy Health, St. Louis.
Congratulations to all of our finalists.
See you December 12!
—The CIO Staff