NextGen List of Tomorrow’s Asset Owner Leaders to Be Named by Chief Investment Officer

List replaces the 40 Under 40, highlighting 25 of the industry's best up-and-comers.

Chief Investment Officer, the news website for asset owners, will roll out its NextGen list on Monday, June 11, highlighting 25 rising stars of the asset owner world. Their peers anonymously nominated this group based on who they believe has the experience, performance, and mettle to be the leaders of tomorrow in this realm.

CIO’s sole focus is to deliver insight to institutional chief investment officers and other key investment decisionmakers at the world’s largest public and corporate pensions, sovereign wealth funds, endowments and foundations, insurance funds, healthcare organizations, family offices, and defined contribution plans.

CIO’s NextGen roster, which replaces our 40 Under 40 list, celebrates the up-and-comers who demonstrate their talents in areas ranging from financial acumen to investment performance. This next generation of leaders we’ve identified is aimed at celebrating tomorrow’s stars. To do so, we’ve broadened it to include people who are a little older than 40.

Some of our nominees are previous 40 Under 40 honorees, as we felt it would be important to show how far they’ve progressed in a few short years.

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CIO will begin rolling out its NextGen notables five at a time on the website, with a new rising star being featured in our newsletter each day until all 25 have been covered.

We encourage you, and your peers to bring the conversation over to  social media using the hashtag #CIONextGen.

So here’s to our first class of NextGens, and a toast to the CIO community as well.

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Bridgewater Is Bearish about 2019

The world’s largest hedge fund views rising interest rates and debt as big problems.

Bridgewater Associates is wary of 2019, as the world’s largest hedge fund told its clients it is “bearish on almost all financial assets.”

Predicting that fiscal stimulus will ebb and the Federal Reserve will continue hiking short-term interest rates, the firm wrote that next year is “setting up to be a dangerous year.” Bridgewater warned investors that the danger “is already here” as the economy traverses treacherous terrain.

The $150 billion fund has been somewhat of a doomsday prophet as of late. In another client note last month, Bridgewater pointed out that higher lending is supporting economic growth and cautioned that the economy was at “about 10 o’clock on the dial.” Once that dial hits 12, the firm predicts there will be a downturn.

“This favors commodities and other real assets in relation to stocks,” Bridgewater said, declaring that investors will shift to bonds and “hurt most everything else.”

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