CIO NextGen: Two Weeks to Nominate | Chief Investment Officer

For the second installment of CIO’s NextGen list, we’re inviting asset owners and managers to champion the brightest rising stars of the industry.

From your nominations, CIO will select 25 future leaders to be profiled in candid Q&As that highlight their skills and interest. NextGen replaced our Forty Under Forty list last year, which means candidates can be over age 40, but below 50. Additionally, nominees can be former Forty Under Forty achievers but cannot repeat from last year.

Asset owners and managers can make nominations, but those selected must work for asset owners.

This is not just an ego boost for these individuals. As with our previous Forties, NextGens have been able to break the glass ceilings and enter the upper echelons of the industry.

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When she was featured last June, Jenny Chanwas the senior investment officer for the Doris Duke Charitable Foundation, an organization she worked at for 11 years. By August, she had been named CIO of the Children’s Hospital of Philadelphia. The same can be said forMark Shulgan, the new growth equity managing director at OMERS, who was the senior portfolio manager for thematic investing at the Canada Pension Plan Investment Board (CPPIB) at the time of his profile. Charles Wu, another previous NextGen, was promoted to Australia’s State Super earlier this year.

Nominations, of course, will be kept anonymous to provide the best experience possible. To nominate, please answer this questionnaire about who you think is the next big investment rock star. If more than one candidate comes to mind, feel free to feature multiple nominations in your answers, and please incorporate as much detail as possible in your responses.

A few rules:

1. Nominees must be asset owners working in public and private pension plans, endowments and foundations, sovereign wealth funds, and/or single-family offices (they cannot be asset managers, outsourced-CIOs, or multi-family offices).

2. Nominees must be senior investment professionals working with or reporting to CIOs.

Nominations will close on April 5.

Related Stories:

2018 NextGen

Jenny Chan Becomes CIO of Philly Children’s Hospital

Canada Pension Plan’s Thematic Investing Head Joins OMERS

Tags: CIO, Endowments, Foundations, Hedge Fund, NextGen, Pension

The orchestrator of a multimillion-dollar Ponzi scheme has landed himself a 14½- year prison sentence.

Raymond K. Montoya, who managed a Boston hedge fund called the RMA Strategic Opportunity Fund, was convicted Thursday by a Massachusetts federal court, according to the Department of Justice.

Between 2009 and 2017, the 70-year-old Allston resident had been telling clients that the pooled investment fund was performing well, when in fact it had been doing the opposite. Montoya also promised he would invest their millions from personal savings and 401(k) plans in stocks and bonds, which he did, with just a small fraction of the clients’ money. The rest was used to finance Montoya’s lifestyle and his son’s mortgage.

Senior District Court Judge George A. O’Toole Jr. sentenced the hedge manager Thursday to 175 months in prison with three years of probation. He must also pay a restitution to be determined at a later date.

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RMA’s investors included Montoya’s friends, family, and acquaintances residing in Massachusetts, Ohio, and California.

Montoya pleaded guilty to three counts of wire fraud, five counts of mail fraud, and two counts of conducting an unlawful monetary transaction last October. He had been previously charged with securities fraud in a civil complaint by the Massachusetts Securities Division.

Montoya had been telling clients RMA managed $4 billion in assets. He really held less than $150 million.

The Massachusetts district court could not be reached for comment.

Tags: Fraud, Hedge Fund, Lawsuits, Raymond Montoya, RMA Strategic Opportunity Fund