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Newsmakers

Nominate the Most Extraordinary Asset Owners and Managers for the 2019 CIO Innovation Awards

Nominations for this year's 10th annual bash close August 3.
By Chris Butera

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, and 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, including Chris Ailman, CIO, CalSTRS; Harshal Chaudhari, Head Enterprise Analytics Organization, IBM; Susan Ridlen, CIO and Assistant Treasurer, Eli Lilly; Robert Hunkeler, Vice President, Investments, International Paper; Anne Dinneen, CIO, Hamilton College; Dan Chu  and Michael Brune, Executive Director, Sierra Club Foundation / Executive Director, Sierra Club, Sierra Club; Rosalind Hewsenian, CIO, Helmsley Charitable Trust; Anthony Waskiewicz, CIO, Mercy Health, St. Louis; Sam Masoudi, CIO, Wyoming Retirement System; Jonathan Grabel, CIO, LACERA; Paul Ballard, CEO and CIO, Texas Treasury Safekeeping Trust Co.; Allan Martin, Partner, NEPC; Mansco Perry, Executive Director and CIO, Minnesota State Board of Investment; KIm Lew, Vice President, CIO, Carnegie Corp.; Matt Clark, State Investment Officer, South Dakota Investment Council; Jacque Millard, CIO, Intermountain Healthcare; Raphael Arndt, CIO, Australia’s Future Fund; and CIO’s NextGen of the Year 2018 Chad Myhre, Portfolio Manager of Hedge Funds and Domestic Equities, Public School and Education Employee Retirement System of Missouri.

Hartford HealthCare CIO David Holmgren will chair the board. 

Click hereto view CIO’s 2018 Industry Innovation Award winners.

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Home > News > Research > Female-Inclusive Investment Committees Are Outperforming Their Peers
Research

Female-Inclusive Investment Committees Are Outperforming Their Peers

Data shows gender-diverse investment teams help expand their thinking and strategic options.

By Elijah Owens

A new study carried out by HEC Paris Business School and MVision Private Equity Advisers found that gender-diverse investment committees of private equity fund managers have experienced comparatively higher returns against their male-only peers.

The study audited performance data on 2,454 deals executed by 51 different fund managers across 220 investment vehicles, and found that women make up a relatively small portion of executive decision-makers in private equity, occupying just 9.4% of senior positions at private equity firms globally.

HEC Paris Professor Oliver Gottschalg found that companies in the top quartile for gender diversity on executive teams were on average 21% more likely to outperform their peers, and 27% more likely to exhibit substantial value creation.

There’s also a strong correlation in emerging markets between female-inclusive fund executive teams and higher returns. Also, Gottschalg found that the failure rate of private equity deals was substantially reduced when women held consequential positions in deal-making processes.

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“The finance industry is often used as an example of a male-dominated industry, where women struggle to achieve positions of responsibility. While only 10.81% of deals in private equity are led by female investment managers today, the research proves that gender diversity increases investment performance,” Gottshalg said.

Specifically, his research found that gender-diverse investment committees outperformed all-male committees in alpha, TVPI, and IRR by 7%, 0.52%, and 12%, respectively. This is in part due to a broader base of perspectives and the subsequent avoidance of more blind spots.

The data also found that women tend to focus more on investments in biotech and IT, and less on industrials, business services, and technology, media, and telecom (TMT) industries.

Professor Gottschalg is a strategy professor at HEC Paris Business School and academic Dean of the TRIUM global EMBA, and authors the yearly HEC-Dow Jones private equity rankings.

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