MSCI Nabs Ex-Alaska Permanent Fund CIO

Russell Read will start his new London-based job in September.

Russell Read




Russell Read
, the former Alaska Permanent Fund Corp. chief investment officer, is joining index analytics firm MSCI.

His new job, managing director and global head of client solutions, will based in London. Read will also be a member of MSCI’s executive committee. He will start in September.

Read’s new boss, Laurent Seyer, chief operating officer and chief client officer, said Read’s  experience and prowess in the public and private investment markets would “benefit our clients as we strengthen our capabilities across asset classes.”

During his time with the $65 billion Alaska fund, Read bolstered the corporation’s long-term investment strategies. He also built up its governance structure. Towards the end of his two-year stint, Read launched a $1 billion private equity seeding platform with the UK Railways Pension Scheme and asset manager Wafra Group.

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Read resigned from the Alaskan sovereign wealth fund last week. Marcus Frampton, head of real assets and absolute return, is the current acting CIO as the fund searches for his replacement.

Read was also a former CIO of the $357 billion California Public Employees’ Retirement System, which is also hunting for a new chief.

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CIO’s Ninth Annual Industry Innovation Awards: Nominations Open

Nominations for innovative and talented asset owners and managers/servicers open until August 4.

It’s time again to nominate and celebrate the industry’s most innovative asset owners and managers/servicers. CIO’s ninth annual Industry Innovation Awards will take place December 13 at the New York Public Library, celebrating the most innovative and talented players of institutional investing.

Please nominate asset owners and managers/servicers for this year’s awards via our digital survey or by filling out our 2018 CIO nominations form and emailing your nominations to CIOeditors@strategic-i.comNominations will close August 4, and all finalists will be announced in early September. 

This year, the CIO editorial team will consult an advisory board of former and current chief investment officers, including Raphael Arndt, CIO of Australia’s Future Fund; Jagdeep Singh Bachher, CIO, vice president of Investments, University of California; Matt Clark, CIO, South Dakota Investment Council; Scott Evans, CIO of the New York City Pension Funds; David Holmgren, CIO of Hartford HealthCare; Tom Joy, CIO, Church of England; Kim Lew, CIO, Carnegie Corporation of New York; Richard Nuzum, president of Mercer’s global wealth business (2017 Consultant of the Year); and Bob Watson, CIO of FCA US. Some categories, such as investment outsourcing, transition management, and corporate investment strategies, will be judged largely on data collected via the CIO survey system.

The lifetime achievement award, which Ashbel C. “Ash” Williams, executive director and CIO of the Florida State Board of Administration (SBA), won last year, will be presented at the dinner. An overall winner from the asset owner categories will also be chosen and awarded CIO of the Year (presented last year to Evans).

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Our Next Generation Award is chosen the evening of the awards dinner, following a panel at the CIO Influential Investors’ Forum.

This year’s asset owner categories include (2017 winners in parentheses): 

Foundation (Carnegie Foundation, Kim Lew)

Endowment (Church Commissioners for England, Tom Joy)

Corporate Defined Benefit Pension Plan Below $5 Billion (Computer Sciences – CSRA Inc., Brian Reed)

Corporate Defined Benefit Pension Plan Above $5 Billion (ABB,Elisabeth Bourqui)

Public Defined Benefit Plan Below $15 Billion (South Dakota Investment Council, Matt Clark)

Public Defined Benefit Plan Between $15 Billion and $100 Billion (Hawaii Employees’ Retirement System, Vijoy Chattergy)

Public Defined Benefit Plan Above $100 Billion (NYC Retirement System, Scott Evans)

Sovereign Wealth Fund (Australian Future Fund, Raphael Arndt)

Healthcare Organization (Hartford HealthCare, David Holmgren)

Defined Contribution Plan (Fiat Chrysler FCA US,Bob Watson)

ESG(University of California Regents, Jagdeep Singh Bachher)

Next Generation (W.K. Kellogg Foundation, Carlos Rangel)
Consulting (Mercer,Rich Nuzum)

*New 2018 Category: Collaboration

Asset management categories include (2017 winners in parentheses; italics indicate altered category): 

Fixed Income (Nuveen Asset Management)

Equities (including alternative equity beta) (BlackRock)

Multi-Asset (including risk-balanced strategies) (Neuberger Berman)

Private Equity (Apollo Global Management)

Hedge Funds (Citadel)

Real Assets (AEW Global)

Defined Contribution Strategies (Prudential)

Investment Outsourcing (Russell Investments)

Corporate Investment Strategies (includes the overall criteria to helpcorporate CIOs achieve their goals including positioning for growth, innovation in risk management, and hedging overall portfolios.) 

(Legal & General Investment Management America)

Transition Management (BlackRock)

Data & Technology (FactSet)

ESG Investing(Generation Investment Management)

*New 2018 Category: Emerging Markets

*New 2018 Category: Corporate LDI Strategies

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