Last Week for Innovation Award Nominations

Award nominations to close August 4.

Nominations for CIO’s eighth annual Industry Innovation Awards will close at the end of the week. The awards seek to highlight the most innovative CIOs of 2017.

Nominations are open to industry professionals and will close on Friday, August 4. All finalists will be announced in early September.

The Innovation Awards ceremony will take place December 7 at the New York Public Library.

The most innovative CIOs of the year will be chosen by CIO’s editorial staff and advisory board, which includes Jagdeep Bachher of the University of California Office of the President, Tim Barrett of Texas Tech University System, Robert Hunkeler of International Paper, Jacque Millard of Intermountain Healthcare,  Mark Schmid of the University of Chicago and Robert “Vince” Smith, CIO and deputy state investment officer of the New Mexico State Investment Council.

This year’s asset owner categories include (2016 winners in parentheses): 

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Foundation (University of Arizona Foundation, Craig Barker)

Endowment (Texas Tech University System, Tim Barrett)

Corporate Defined Benefit Pension Plan Below $5 Billion (Blue Cross Blue Shield Association, Jamey Sharpe)

Corporate Defined Benefit Pension Plan Above $5 Billion (International Paper, Robert Hunkeler)

Public Defined Benefit Plan Below $15 Billion (MoDOT and Patrol Employees’ Retirement System, Larry Krummen)

Public Defined Benefit Plan Between $15 Billion and $100 Billion (Pennsylvania Public School Employees’ Retirement System, Jim Grossman)

Public Defined Benefit Plan Above $100 Billion (State of Wisconsin Investment Board, David Villa)

Sovereign Wealth Fund (new category)

Healthcare Organization (Intermountain Healthcare, Jacque Millard)

Defined Contribution Plan (American Airlines, Ken Menezes)

Next Generation (UPS, Greg Spick)

Consulting (Aksia, Jim Vos)

Asset management categories include (2016 winners in parentheses; italics indicate altered category): 

Fixed Income (BlackRock)

Equities (including alternative equity beta) (Parametric)

Multi-Asset (including risk-balanced strategies) (Risk Premium Investment Management Company)

Private Equity (Blackstone)

Hedge Funds (Marshall Wace)

Real Assets (Pantheon)

Defined Contribution Strategies (NISA Investment Advisors)

Investment Outsourcing (Goldman Sachs Asset Management)

Corporate Investment Strategies (Nuveen)

Corporate Liability Strategies (Prudential)

Transition Management (Macquarie)

Data & Technology (Solovis)

**New 2017 Category: ESG Investing

Let us know who inspires you in this industry, and why. The nomination form can be found here: https://www.research.net/r/2017IIANominations.

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Church of England Pension Board Posts Best Year on Record with Returns of 21.2%

Fund doubles down on ethical investing, returns highest since record keeping started in 2003

The Church of England Pension Board announced returns of 21.2% for all pension assets, its best performance since record keeping started in 2003, according to a report published on Wednesday. Funds under management totaled 2.3 billon pounds.

The fund’s largest position was in global developed market equities, at 55%, with property second at 11%, and small cap equities third at 10%.

Its top five equity investments were Apple, Alphabet, Exxon Mobil, Microsoft, and Wells Fargo.

The fund continued to emphasize ethical investing.

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“During the year, the engagement team continued to meet company representatives on a range of issues of concern,” the report said.  “These issues included human rights, climate change, tailings dams, risks around reporting on joint ventures within extractive companies, promotion of responsible alcohol consumption and community health and safety, and environmental concerns around mining activity.”

Executive compensation was a key focus in its portfolio holdings.

“During 2016, in line with the National Investing Bodies’ executive remuneration policy, we continued to vote against the majority of remuneration reports and publicly called upon company remuneration committees to exercise better judgement when recommending reports to shareholders,” the report said. “A number of high-profile advisory votes went against board recommendations and we expect executive remuneration to remain the most prominent issue in the 2017 voting season.”

The fund also continued to develop the Transition Pathway Initiative (TPI), an asset-owner led initiative supported by asset managers and owners with 2 trillion pounds under management. TPI assesses how companies are preparing for a transition to a low-carbon economy.

“The initiative came about as a result of the National Investing Bodies’ climate change policy, which committed us to engage more intensively with companies on climate change and assess whether they are taking seriously their responsibilities to assist with the transition to a low-carbon economy,” the report said.

 

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