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Asset Management Culture

Top 20 Endowment and Foundation CIOs

2019’s most innovative and influential corporate women and men.

By Christine Giordano

Mined from our Power 100 list, here are our top endowment and foundation chief investment officers, factored from an equation that considers industry influence, innovation, collaboration, talent development, fund size, and time spent as allocators:

  1. David Swensen, CIO, Yale Investments Office, New Haven, Connecticut
  2. Britt Harris, president, CEO and CIO, University of Texas Investment Management Company, Austin, Texas
  3. Scott Malpass, vice president and CIO, University of Notre Dame, South Bend, Indiana
  4. Mark Schmid, vice president and CIO, University of Chicago, Chicago
  5. Kim Lew, vice president and CIO, Carnegie Corporation of New York, New York
  6. Joel Wittenberg, vice president, CIO, W.K. Kellogg Foundation, Battle Creek, Michigan
  7. Jagdeep Bachher, CIO and vice president of investments, Regents of the University of California, Oakland, California
  8. Mark Baumgartner, CIO, Institute for Advanced Study, Princeton, New Jersey
  9. Tom Joy, director of investments, Church Commissioners for England, London
  10. Rosalind Hewsenian, CIO, Helmsley Charitable Trust , New York
  11. Erik Lundberg, CIO, University of Michigan, Ann Arbor, Michigan
  12. Tim Barrett, associate vice chancellor & CIO, Texas Tech University System, Austin, Texas
  13. Eric Doppstadt , vice president and CIO, Ford Foundation, New York
  14. Ana Marshall, staff vice president and CIO, William + Flora Hewlett Foundation, Menlo Park, California
  15. Andrew Golden, president, Princeton University Investment Company, Princeton, New Jersey
  16. Rick Slocum, CIO, Harvard Management Company, Boston
  17. Sue Manske, vice president and CIO, MacArthur Foundation, Chicago
  18. Michael Larson, CIO, Cascade Investment (The Gates Foundation), Kirkland, Washington
  19. Shawn Wischmeier, CIO, Margaret A. Cargill Philanthropies, Eden Prairie, Minnesota
  20. Donna Dean, CIO, The Rockefeller Foundation, New York

See the full Power 100 list here.

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Home > News > Newsmakers > No Recession Before the 2020 Election, Goldman Chief Predicts
Newsmakers

No Recession Before the 2020 Election, Goldman Chief Predicts

David Solomon gives odds of a downturn next year as just 25%, which would be good news for Donald Trump.

By Larry Light

Take heart, President Trump. The head of one of the nation’s premier investment banks believes that no recession will occur next year.

To David Solomon, CEO of Goldman Sachs, “the chance of a U.S. recession between now and the election is small.” In an interview on Bloomberg Television, Solomon gave the odds of a recession before the November 2020 election as 25%.

That’s slightly greater prospects of a downturn than the ones he gave nine months ago (15%), Solomon added.  The reason to forecast a slightly higher likelihood of a 2020 recession is the deeper uncertainty nowadays, the Goldman CEO explained.

If he’s right about no near-term recession, Donald Trump has reason to be cocky. History shows that presidents seeking second terms with good economies end up winning. That’s the conclusion of Moody’s Analytics, which back tested its data to 1980.

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Incumbents with recessions or sluggish recoveries around their necks went down to defeat: Jimmy Carter in 1980 and George H.W. Bush in 1992 demonstrate that. Moody’s believes that Trump could surpass his 2016 electoral college victory next year, should the economy cooperate.

Solomon said that the US manufacturing sector hasn’t fared well lately. Still, he noted that consumers are still spending well, amid record low unemployment and (slight) wage gains.

He takes heart about a seeming positive break in US-China trade tensions. “If you’re watching what’s coming out of the administration in Washington, if you are listening what’s coming out of China,” he said, “I think it feels like both are incentivized to have some sort of a phase one deal, so there looks like some progress, some movement forward.”

The Goldman chief has previously expressed leeriness about the trade war.

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