Nominate This Year's Key Asset Owners and Managers for the 2019 CIO Innovation Awards

CIO’s 2018 Innovation Awards at NY Public Library Photo by Margarita Corporan

For 10 years, CIO has honored the accomplishments of you, the chief investment officers, with our Industry Innovation Awards.

On Thursday, December 12, at the New York Public Library, CIO will once again bring together institutional investors and those who provide for them.

It’s time to nominate deserving asset owners and asset managers/servicers for this year’s awards.

Since we started these awards in 2010, “innovation” has perhaps become an overused buzzword. While others may confuse innovation with change, we do not: Our goal is to highlight the truly innovative approaches to asset management and asset owning, separating the merely different from the meaningful.

When nominating, ask yourselves, who has done something that is truly different, that may have changed the way we think about this business?

To nominate, please follow the survey directions here.

What You’ll Need:

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To make a nomination, you’ll be asked whether you’re nominating an asset owner or asset manager, the name and title of the person or entity you’re nominating, their location, email address and to choose which category they fall into.
The asset owner CIO categories fall into plan size and type, as well as special categories for ESG and Collaboration. Asset manager categories fall into a full array of topics of expertise. You can make more than one nomination, and you’ll do this by indicating if you’re done or ready to nominate another. Please feel free to make as many nominations as you’d like.

THE DEADLINE TO SUBMIT YOUR NOMINATIONS IS AUGUST 3.

To verify nominees, CIO editorial team will consult an advisory board of former and current chief investment officers, consultants and allocators including Chris Ailman of CalSTRS; Raphael Arndt of Australia’s Future Fund; Paul Ballard of Texas Treasury Safekeeping Trust Co.; Harshal Chaudhari of IBM; Dan Chu of Sierra Club; Matt Clark of South Dakota Investment Council; Anne Dinneen of Hamilton College; Jonathan Grabel of LACERA; Rosalind Hewsenian of Helmsley Charitable Trust; David Holmgren of Hartford HealthCare; 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, Portfolio Manager of Hedge Funds and Domestic Equities, Public School and Education Employee Retirement System of Missouri (NextGeneration winner of 2018); Mansco Perry of Minnesota State Board of Investment; Susan Ridlen of Eli Lilly; Anthony Waskiewicz of Mercy Health, St. Louis.

Hartford HealthCare CIO David Holmgren will chair the board.

Click here to view CIO’s 2018 Industry Innovation Award winners.

Tags: CIO, Industry Innovation Awards, Innovation Awards, nominate, nominations, Pension

Japan’s Government Pension Investment Fund’s (GPIF) investment portfolio returned 1.52%, or 2.38 trillion yen ($22.1 billion), for the fiscal year 2018 ended March 31, raising its total asset value to 159.215 trillion yen, or approximately $1.464 trillion. This makes it the largest pension fund in the world. with Norway’s Government Pension Fund Global behind by nearly $400 billion.

As of the end of March, the Norway fund had a market value of 8,938 billion kroner, which is equal to approximately $1.033 trillion at current exchange rates. Norges Bank, Norway’s central bank, has a ticker on its website that is a real-time running tally of the fund’s market value, which at the time of the writing of this article was 9,276 kroner, or approximately $1.073 trillion. While that was up $40 billion thanks in large part to strong first quarter results, it still puts it well behind Japan’s fund.

Japan’s fund managed to eek out positive gains for the year despite a rough fiscal third quarter ended December 31, when its investments tumbled more than 9% and the portfolio shed more than 14.8 trillion yen in value.

For fiscal 2018, foreign equities was the top-performing asset class for Japan’s GPIF, returning 8.12%, followed far behind by foreign and domestic bonds, which returned 2.7% and 1.4%, respectively. The worst-performing asset class for the fund was domestic equities, which lost 5.09% for the year.

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Japan’s GPIF also reported that its annual rate of return has been 3.03% since fiscal 2001, bringing in cumulative returns of 65.82 trillion yen, which is more than 41% of its current total asset value.

The asset allocation for the fund as of the end of March was 26.3% in domestic bonds, 25.53% in foreign equities, 23.55% in domestic equities, 16.95% in foreign bonds, and 7.67% in short-term assets.

The portfolio is tech-heavy when it comes to equities as its four largest equity holdings as of March 31 are Microsoft, Facebook, Apple, and Amazon, with stakes worth $8.8 billion, $7.9 billion, $7.3 billion, and $4.2 billion, respectively, as of July 9. The portfolio also has nearly $3.4 billion worth of shares in Johnson & Johnson, just under $3.3 billion in JPMorgan Chase, and a $3.2 billion stake in Visa.

Tags: GPFG, GPIF, Japan, Norway, Pension, Sovereign Wealth Fund

Nominate This Year’s Key Asset Owners and Managers for the 2019 CIO Innovation Awards

Japan’s Sovereign Wealth Fund Surpasses Norway’s as World’s Largest