An afternoon of intense discussion among an exclusive group of asset allocators and managers. An evening of ten awards, exclusively for — and chosen by — asset allocators. Welcome to the most elite event in institutional investing.
More information on the 2018 Awards & Masterclass coming soon…
Lifetime Achievement Award Winner
We were honored to present Christopher J. Ailman, CIO, CalSTRS with the 2017 Lifetime Achievement Award. Ailman was honored alongside the winners of the peer voted categories, to be announced at the 1st Annual Allocators’ Choice Awards on November 28, in New York City.
Investment Officer, Robert Wood Johnson Foundation
Success in the CIO suite creates a unique challenge: The number of people you can turn to for guidance rapidly diminishes.
The Institutional Investor Masterclass aims to mitigate this challenge.
For the afternoon before the Allocators’ Choice Awards, we brought together an elite group of 100 asset allocators, along with a select group of asset managers, to discuss, debate, and tackle institutional investing’s intractable problems.
What Asset Management Will Look Like in Five Years
November 28th, 2017, 12:30 pm to 6:30 pm
Ascent Lounge (10 Columbus Circle, 4th Floor, New York, NY 10019)
There are two aspects to institutional asset management: What a portfolio looks like, and what the business of investing itself looks like.
The next five years will see large-scale changes in both.
The inaugural Institutional Investor Masterclass aims to provide allocators with the intelligence they need to best navigate those changes. The Masterclass will begin with a series of sharp presentations and panels on forward-thinking asset allocation and portfolio construction techniques before advancing to broader — even existential — challenges faced by the investment management industry.
Presentation, Panel, and Discussion Huddles
Overcoming Implementation Hurdles of a Risk-Based Approach
Common asset class-based allocation paradigms — including those that apply modern portfolio theory or risk parity to asset classes — oversimplify the hard problem of asset allocation. The result: these approaches embed structural flaws in portfolio design.
A factor-based approach can avoid these pitfalls. Risk-factor investing enables allocators to more efficiently manage their risk exposures, explicitly map their investment strategy to return drivers, and construct portfolios without unrealistically precise forecasts on the always difficult-to-predict future.
Yet how to ‘make it work’ remains a difficult challenge. This panel will convene industry leaders to discuss how to go from theory to practice.
Presentation, Panel, and Discussion Huddles
Proposition: Private Equity (As We Know It) Will Not Exist in Five Years
The private equity market will not exist as we know it in 5 years — if at all. Instead, with fewer IPOs occurring and more companies choosing to stay private for longer, active managers will have to turn to risk premia to capture the essence of private equity from an asset allocation standpoint. The losers, of course, are likely to be traditional private equity players. Or will they?
Artificial Intelligence Will Disrupt Us All
A Google translation program becoming ‘uncannily artful’ almost overnight. A computer beating the best human at the world’s most complicated board game. Such examples will become increasingly common as artificial intelligence is applied to everyday problems. And don’t fool yourself: Asset management will not escape this trend. So how can allocators gain from — instead of being destroyed by — artificial intelligence?
LightNing Round and Ballot Voting
The Next CIO
To kick off the evening of Allocators’ Choice Awards, asset owners will decide the first one live. Meet the best and brightest of not-yet-chief investment officers, and make your pick as they go head-to-head. Over three rounds of questions, each finalist will give short answers to pressing institutional investing questions — none of which they’ve heard before. At the end of the lightning rounds, audience members vote by secret ballot. The Next CIO will be named at the awards dinner that follows.
Gregory T. Williamson
Chief Investment Officer, American Red Cross
Senior Vice President, Capital Markets Research, Callan LLC
Chief Investment Officer, Hartford HealthCare
Columnist, Institutional Investor
Chief Content Officer & Group Editorial Director, Institutional Investor
Senior Writer, Institutional Investor
Chief Risk Officer, Iowa Public Employees' Retirement System
Head of Multi-Asset Portfolio Management, Legal & General Investment Management America
Senior Vice President & Chief Investment Officer, Memorial Sloan Kettering Cancer Center
Chief Investment Officer, OPTrust
Managing Director, Two Sigma Advisers
Chief Investment Officer, Two Sigma Advisers
Chief Executive Officer, Verger Capital Management
Director of Investments, Wisconsin Alumni Research Foundation
The nomination process was open from July 9 until August 5. Finalists were announced August 21, selected by the Institutional Investor editorial team. Voting on winners, by qualified asset allocators via the Institutional Investor Network, was open until October 15. Winners were announced at the Allocators’ Choice Awards on November 28, held at the Mandarin Oriental in New York City.