Special Chief Investment Officer Outsourcing Edition

In this issue

Carnegie, GMO, CalPERS change horses

Leo de Bever – running $70 billion on the cheap

Ken Frier – a CIO looks ahead

Chief Investment Officers: supply and demand

I am often asked just how many chief investment officer positions there are among U.S. tax-exempt institutional funds. How much turnover is there, and how tight is the market for these top-tier professionals?

According to my research, the short answer is about 1,300 positions for full-time, professional CIOs at public, corporate and union pension plans; endowments; foundations; health systems; etc. And, I estimate the annual turnover rate at about 12 percent, or 160 openings per year.

In this issue: Everybody has a plan – until they get hit

Comings and Goings: Many many moves

Risky business at Chelsea Piers: In pursuit of the unsinkable portfolio

Recruiter’s Notebook: CIO Supply and Demand

Peter Taylor, CFO University of California: On the art of board-membership