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Julie Glynn
Director of Pension Investments at United Technologies Corp.
From the Jun 2018 Most Wanted Allocators Second Team
Welcome to the second half of亚博赞助欧冠’s inaugural Most Wanted Allocators, ranked 26 through 50. See theFirst Team, ranked 1 to 25,here.
Who are the investors coveted for these treasured CIO roles? When recruiters dream of their ultimate long list, who’s on it?亚博赞助欧冠asked them. The top talent brokers helpedII’s editors design a formula to quantify desirability and score candidates, according to what they think matters in a first-time CIO.
Portfolio Management 50%
- Investment track record: 25%*
- Exposure to complex investments and asset classes: 15%
- Manager relations and access: 10%
Non-Portfolio Management 50%
- 管理和领导技能:20%
- Communication, interpersonal skills, and board interaction experience: 20%
- Reputation of employer: 10%
With these criteria in hand,IIeditors collected, vetted, and scored reams of recommendations, sourced primarily from the leading recruiters on three continents, but also from asset managers, consultants, and CIOs themselves. When more than one investor received the same total score, ties were broken by subtracting grades for investment track record and employer reputation — the two criteria most dependent on the quality of an individual’s organization.
Crucially, this lists recruiters’ fantasy draft picks, not free agents — to an extent: Allocators assumed to be unmovable (Yale’s Dean Takahashi, say) were ignored; so were individuals with no previous allocating experience. Otherwise, any institutional allocator worldwide, regardless of age or fund size, was fair game. Some may have decided long ago to remain pure investors, and that the work of coddling board members, managing scandals, and debating salaries wasn’t for them. To those who see members of their staff listed, congratulations! Take this is as a testament to your ability to develop talent — and an annual market valuation of it.
Comments, complaints, candidates for next year?Let us know.
*当个人的投资组合轨道记录未知时,对他们在前十年的工作机构的轨道记录中提供了重大重量。
26Brad Gilbert
Total Score: 71/100
Another member of the “Britt Harris mafia,” Gilbert is “known by almost every hedge fund out there — yes, by dint of the portfolio he helps run, but also because of his earnestness and intelligence.” Recruiters expect that Gilbert, when the time is right, “may depart. TRS just has a lot of talent at the top,” making exits likely down the road.
27Prakhar Bansal &Scott Chan (tie)
Prakhar Bansal’s Total Score: 70/100
CIO Mark Schmid has been known to brag that any of his managing directors “could be CIOs anywhere” — and Bansal is no exception. In his 15 years at the endowment, he worked in public markets, hedge funds, real estate, and natural resources before succeeding Que Nguyen (#31) in the strategy role — a position recruiters point to as a stepping stone to the CIO job.
Scott Chan’s Total Score: 70/100
No hiring committee would have to gamble on Chan as a CIO: he’s already been one. The 47-year-old led Sacramento County’s then-$8 billion pension fund from 2010 to 2015, when he sacrificed the top title to lead public assets with the investment supergroup gathering at the University of California. “It’s a very reasonable path to go to a premier program, and wouldn’t hurt chances of becoming a CIO again later,” one recruiter says of taking a title cut for a better known (and better paying) shop.
29Sherif Nahas
Total Score: 70/100
If a leading headhunter was seeking a CIO for a $2 to $3 billion endowment, “one of the guys from Ford, Sherif or Chris Barber” would make the fantasy top-five shortlist. Others echoed the recommendation, with Nahas edging out the more junior Barber (this year, at least). An engineer before he became an investor, Nahas is “very smart, and covers all the private markets.” At Ford he manages a team of five with “very little turnover — and strong performance.”
30Julie Glynn
Total Score: 70/100
Glynn is “quietly doing her work up in Hartford,” with a mandate covering global public equities, multi-asset funds, and portable alpha investments. Praised for her “maturity” and “professionalism,” she also gets good marks for manager relationships and fund reputation. Still, Glynn faces one major problem: “Her boss is the best in the business, bar none, and it doesn’t look like Robin [Diamonte] is moving anytime soon.”
31Que Nguyen
Total Score: 70/100
One can only guess at the investment performance of Michael Bloomberg’s secretive family office, but insiders say Nguyen — who was a “superstar” at the University of Chicago’s endowment — has the “strategy, creativity, and thoughtfulness” to do well. The well-rounded and “highly sophisticated” investor “could already have written her own ticket into a CIO role.”
32Geoffrey爱
Total Score: 70/100
The second-largest charitable foundation in the world, the Wellcome Trust is “like the Yale of EMEA.” With 20 years at the foundation under his belt, Love is ripe for the picking — if he ever plans to move. He heads up venture capital, gaining experience on both sides of the boardroom table as the Wellcome Trust’s representative at portfolio company meetings. In his free time, Love sits on the investment committee at Marie Curie Cancer Care.
33Matthew Stone
Total Score: 69/100
Insiders wonder how Stone hasn’t been picked off after 19 years at the University of Chicago endowment. “He’s been cusp-y for some time,” one recruiter says of the managing director overseeing public equity, fixed income, hedge funds, and high-yield debt. A “little scrappy,” Stone is likely to play better in more “aggressive” markets.
34Alisa Mall
Total Score: 69/100
Carnegie’s investment talent runs deep. “I would be hard pressed to endorse one over the other,” says a torn recommender, “but if you are asking if I believe that Alisa should be a candidate — Yes!” The departure of Meredith Jenkins as the fund’s co-CIO freed up portfolio responsibility for staff members like Mall, “and was critical to their development.” Mall’s only caveat: “She has a natural resources background, so you have to want that.”
35Evalinde Eelens
Total Score: 68/100
A “fixture in the European pension community,” Eelens has a “sharp analytical mind” and “eagerness to get the job done in the best way possible.” After starting her career as a journalist, Eelens soon moved on to asset management, landing in her first pension role in 2009. At Mars, she oversees pension plans throughout Europe, the Middle East, and Africa.
36Al Kim
Total Score: 68/100
Kim surprised a lot of people last winter when he triumphed by peer vote as the most likely future CIO atII’s Allocators’ Choice Awards. “Al’s quiet — he’s amazing but kind of shy.” Thoughtful, experienced, and authentic, Kim trounced slicker peers in answering tricky questions on leadership and judgement. Kim was brought to Helmsley by “everyone’s idol” Rosalind Hewsenian, who spotted his talent early at Wilshire Associates.
37Greg Spick
Total Score: 67/100
37岁的美籍西班牙人造型的years of of his vertiginous career at UPS under then-CIO Brian Pellegrino, a renowned mentor and talent developer. Over nearly eight years, he rose to head up a $6 billion private markets portfolio, showing “creativity and hustle” rare in the sleepy corporate pension world. When Pellegrino exited UPS last year, Spick “wasn’t quite ready” for the CIO role. Snapped up by the “low-profile” Cox Enterprises in April, he’s now expanding from a corporate defined benefit specialist to broader fund types. “Greg is the next generation,” says one commentator.
38Dan Parker
Total Score: 66/100
这位前排令者“在他的职业生涯中,”跳跃了一点“,但似乎”在Cio Tim Barrett下的德克萨斯科技为自己做了一个伟大的利基。基金“众所周知,愿意走出人迹罕至的路径”寻找投资,从帕克的“愿意乘坐飞机”时,他被问到。他的海军陆战队背景从外人获得了高领导标记 - 并在任何经理灌输受到尽职调查的任何经理。
39Mike Ruetz
Total Score: 66/100
一个“睡眠者,也许是因为[嘉吉是]明尼苏达州,”ruetz仍然被多个招聘人员提出,作为具有CIO未来的人。就像这个名单上的一些其他人一样,Ruetz跟随他的老板从以前的角色 - “永远是一个好兆头”,一个评论员说。在这种情况下,那个老板是Cio Shawn Wischmeier,之前是北卡罗来纳退休系统。在Cargill,Ruetz负责监督风险管理和资产分配团队,为他的领导和董事会互动获得高标。
40Karen Horn Welch
Total Score: 66/100
招聘人员在她的职业生涯中相对较早的“高调”非营利资金的“令人惊讶的广泛”的经验。2001年,她是斯坦福大学商业研究生院的研究助理。到2012年,她正在为斯坦福的250亿美元的捐赠筹集投资策略,已经领导其公共股票和长/短股对冲基金计划。韦尔奇通过基金的前首席执行官的动荡任期,当“领导力的弱点让机会迅速上升”时,在“名牌”机构。2016年,她加入了蜘蛛,该蜘蛛在法庭大学设法等等。
41Malcolm Goepfert &Christopher Schelling (tie)
Malcolm Goepfert的总分:66/100
Although he’s only been at the auto workers’ pension fund for a year, Goepfert’s background includes the Alaska Permanent Fund, Ohio’s teachers pension, the W.K. Kellogg Foundation, and the James Irvine Foundation. He can “manage and lead a team, work with a board, and communicate effectively” – but his overall score is hurt by having been passed over for the CIO role at Irvine.
Christopher Schelling’s Total Score: 66/100
谢林是其中一个非常罕见的投资者s with both “deep technical know-how” and a gift for communicating it. (Indeed, he was a columnist forII’s former print magazine.) The former finance professor is “extremely familiar with all aspects of capital markets,” “a true team player,” and an “ardent supporter of the mission.” As a CIO candidate, he will benefit from more management experience and a chance to prove himself beyond private equity (and column writing).
43Kelli华盛顿
Total Score: 65/100
After an almost 10 years in investment consulting at Cambridge Associates, Washington knows her way around a board meeting. “Very polished” and “likeable,” she has the necessary people skills, but still lacks a proven track record as an asset owner. Still, recruiters say, Washington is on the path to being a “very effective CIO somewhere.”
44Reginald Sanders
Total Score: 65/100
A “pretty polished, personable guy,” Sanders would “do a great job leading a team.” Before joining Kellogg in 2010, Sanders received “a lot of training” at Kodak’s pension fund, where he managed hedge funds, private equity, and real assets. Recently, he was asked to join the state of Michigan’s pension fund advisory board – which “says a lot about Reggie.”
45Erik Carleton
Total Score: 65/100
Among the widely accomplished peers on this list, Carleton holds the distinction of being the only former rockstar. He was the frontman for a band before deciding to get a “real job” in investment consulting — first covering non-US equities managers at Fiduciary Investment Advisors, then focusing on corporate clients at NEPC. Still, “corporate pensions are tough” career-wise. The “frozen, mostly immunized” portfolios offer fewer learning opportunities for young allocators — but having a firebrand mentor like Textron’s CIO Charles Van Vleet helps.
46Eric Nierenberg
总分:64/100
在美国公共养老金中,“复杂程度并不是那么强大”,因为在美国非营利组织和海外资金中,一个猎头说。然而“将有一些纯粹的投资者和一些年轻人在公共方面渗透的年轻人。”Nierenberg是其中之一。他拥有三个哈佛学位,包括专注于行为科学的博士学位,并有助于运行670亿美元的基金。他被称为“深度技术上”和“在跳跃到CIO工作中的完美作用”。“另外,“管理人员尊重他。”
47Sean Casey
Total Score: 63/100
Casey was in the running to be the CIO at B1 Capital Partners — a new family office managing Peruvian money — but the top job ultimately went to Michael Flynn. Casey has a generalist background with “exposure to all asset classes.” At B1, he’s getting the opportunity to be a leading part of a fresh build out.
48Robert Lee III
Total Score: 62/100
Lee recently departed the Texas Tech endowment — “some questions about that,” one recruiter notes — to start a fund focused on niche investments. “That plays to his strength,” another commentator says. “The guy is an animal when it comes to hunting down unique return streams.” With Lee having raised assets out of the gate, some wonder whether he’d want to get back in the pure allocator role — “but if he does, there’s a place for him somewhere.”
49Edmond Fong
总分:61/100
“According to Jagdeep, he’s the one” on the current UC Regents team who’s destined for a CIO role. Investment chief Jagdeep Bachher is undoubtedly a fan of Fong, “a rare holdover” from before Bachher joined and one who’s been promoted several times since then. But Fong has relatively less experience as a leader, public face, and board liaison than some of his “seasoned, all-star” colleagues, such as ex-APG CEO Eduard van Gelderen (#12).
50Roger Vincent
Total Score: 60/100
Cornell’s ten-year return of 4.1 percent is among the worst of any endowment, and its investment office has suffered chronic CIO turnover. Still, insiders say Vincent, who briefly served as interim co-CIO in 2016 — has had a “strong career” there. It doesn’t hurt that he’s “got a presence when he comes into a room” — a good trait in a future leader.