Top CIO Finalists and Managers Announced for December 12 Innovation Awards Gala

Leading asset owner and manager nominees to headline Dec. 12 ceremony and investors forum.

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 openminded and thoughtful partner while generating great returns.

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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

Robin Diamonte
Read more in the 2019 Lifetime Achievement Award announcement here

Corporate DB Below $20 Billion

Doug Brown

Dennis Duerst
3M Investment Management Corp.

Jonathan Glidden
Delta Air Lines

Kathleen Lutito
CenturyLink Investment Management

Corporate DB Above $20 Billion

Jeanmarie Grisi

Jeff Lewis

Graeme Miller

Andy Ward

Bob Watson
Fiat Chrysler

Rob Sparling
Dow Chemical

Defined Contribution Plan

Dennis Duerst
3M Investment Management Corp.

Jeanmarie Grisi

Karen L. Parkhill

Hugh Penney
Yale University

Andy Ward

Mark Fawcett

Public Defined Benefit Below $20 Billion

Elizabeth Burton
Hawaii Employees Retirement System

Bob Maynard

Molly Murphy
Orange County ERS

Tim Price
Contra Costa County Employees Retirement Association

Jeb Burns
MERS of Michigan

Public Defined Benefit between $20-100 Billion

Scott Davis
Indiana PRS

Paul Greff

Jim Grossman

Stan Rupnik
Illinois TRS

Jeff Wendling
Healthcare of Ontario Pension Plan

Public Defined Benefit Above $100 Billion

Jerry Albright
Teacher Retirement System of Texas

Tom Lee
New York State Teachers’ Retirement System

Mark Machin
Canada Pension Plan Investment Board

Michael Sabia

John Skjervem
Oregon Investment Council (OPERF)

Ash Williams
Florida State Board of Investment

Health Care Organization

Cameron Black
Blue Cross Blue Shield of Arizona

Jason Klein
Memorial Sloan Kettering

Leslie Lenzo
Advocate Aurora Health

Alyssa Rieder
CommonSpirit Health (formerly Dignity Health)

J.C. Stilley


Elizabeth Hewitt
The Sloan Foundation

Rick Kraich
West Virginia University Foundation

Lisa Murray
Kauffman Foundation

Tim Recker
James Irvine Foundation

Joel Wittenberg
W.K. Kellogg Foundation


Mark Baumgartner
Institute for Advanced Study

Meredith Jenkins
Trinity Wall Street

Anne Martin
Wesleyan University

Karl Scheer
University of Cincinnati

Jon Terbell
Babson College

Sovereign Wealth Fund

Marcus Frampton
Alaska Permanent Fund

Stephen Gilmore
New Zealand Super

Jeffrey Jaensubhakij

Peter Madsen
The Utah School and Institutional Trust Funds Office (SITFO)

Paul Scott
Bahrain Mumtalakat Holding Company


Mikael Angberg

Tim Brennan
Unitarian Universalist Association

Christoph Flad
Evangelische Landeskirche Bayern

Ben Meng

Hiro Mizuno

Bryan Pini
Mercy Investment Services


Jim Bethea
University of Iowa Center for Advancement Foundation

Sanjay Chawla
FM Global

Rob Manilla
The Kresge Foundation

Charles Van Vleet

Shawn Wischmeier
Margaret Cargill Foundation

Risk Management

Mark Baumgartner
Institute for Advanced Study

Vincent Morin
Air Canada

Mark Schmid
University of Chicago

J.C. Stilley

David Villa


Public Fixed Income

Barrow, Hanley, Mewhinney & Strauss

Beach Point Capital Management

Capital Group


Income Research + Management

Loomis, Sayles & Co.

Private Credit

Ares Capital

Benefit Street Partners

Cerberus Capital Management

Crescent Capital Group

Oak Hill Advisors

Owl Rock Capital Partners

Public Equity

Ariel Investments

Artisan Partners

Baillie Gifford

Kayne Anderson Rudnick

Marathon Asset Management

Private Equity

Advent International

Atlas Venture

Bain Capital

Brightstar Capital Partners

New Mountain Capital

RedBird Capital Partners


Bridgewater Associates

Goldman Sachs Asset Management

Mellon Capital



Hedge Fund

Bridgewater Associates


Darsana Capital Partners

TCI Fund Management

Two Sigma Investments

Data Tech

Backstop Solutions Group




SS&C Technologies / Tamale



Capital Group

Fidelity Investments

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

Real Assets


AEW Capital Management

Carnelian Energy Capital

EIG Global Energy Partners

Global Infrastructure Partners

Warwick Group

Transition Management


Northern Trust

Pavilion Global Markets

Russell Investments

State Street Global Markets


Edgehill Endowment Partners

Fund Evaluation Group (FEG)

Global Endowment Management

Partners Capital

Summit Rock Advisors

Corporate Strategies


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


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