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Exploring the Best Business Schools for Asset Owner Executives

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The full out ranking will be released in concert with the April issue of the Sovereign Wealth Quarterly.

SWQ-Q1Y2015-coverI often speak to young finance graduates about how to succeed in a career in investment management and what career options are available. This got my wheels turning – how have these captains and chiefs of pension funds and sovereign wealth funds reached their positions? Personality, ambition, drive, integrity, yes, these traits are essential. But what about education? It seems, in most cases, a minted degree from a prestigious educational institutional like Harvard or Oxford, is all but a necessary prerequisite for a successful career in investment management. These types of institutions tend to open the doors for coveted internships and first jobs. These first jobs, in turn, pave the way for more responsibility and advance the careers of young professionals.

I, however, unlike many of my peers in this industry, did not attend a fancy Ivy League school. Instead I matriculated into Sacramento State University – at the time dubbed a commuter school. However, this commuter school is a funnel to the largest pension fund in the United States – CalPERS. Upon graduating, the investment job options in Sacramento were fund accounting at Investors Bank & Trust (now State Street), Franklin Templeton, CalPERS or CalSTRS. I ended up taking a CA state employee exam, was ranked and landed a job at CalPERS. This gave me a taste to the complex world of institutional investors.

Best Business Schools – Public Institutional Investors

Over the past three months, SWFI’s research team has compiled, analyzed and assembled a ranking of the top business schools for asset owner executives. In this April issue, we will explore the rankings and see which universities will groom the next leaders in the world of sovereign wealth fund and pension investment executives, which universities will make the ranking and which will own the #1 spot?

The Importance of Membership

Lastly, I would like to highlight our growing SWFI membership program which is attracting organizations that conduct business with the largest asset owners on the planet. This program has been designed to foster greater collaboration, access to information and networking among participants in the world of public institutional investors. Many of our members have enjoyed great success sharing thought leadership at our events and on our website. If your organization wants to get involved, please feel free to reach out to us.

We would be happy to welcome more peers to enter into a dialogue with this large and influential market segment.

The views in this article are expressed by Michael Maduell.
Michael Maduell is President of the SWFI.
www.swfinstitute.org

Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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Marsh & McLennan Companies to Acquire JLT Group

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Marsh & McLennan Companies, Inc. (MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, announced that it has reached an agreement to acquire Jardine Lloyd Thompson Group plc (JLT), a provider of insurance, reinsurance and employee benefits related advice, brokerage and associated services. The transaction has been approved by the Board of Directors of each of MMC and JLT. JLT’s largest shareholder, Jardine Matheson Holdings, and JLT directors who collectively represent 40.5% of the issued and outstanding JLT shares in support of the transaction.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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