The 300 Club — an independent group of leading investment professionals from around the globe working together to spot dangerous market behaviors and raising awareness of the potential impact of current market thinking — also added three other CIOs: Theodore Eliopoulos of the $311 billion California Public Employees' Retirement System; Russell Read of the $55.4 billion Alaska Permanent Fund; and Sam Masoudi of the $7.4 billion Wyoming Retirement System, according to a news release. Mr. Ailman was previously a member.
“Establishing a North American chapter of the 300 Club is a natural step in the evolution of the group. We are seeing increasing levels of interest from peers in the industry as we work to challenge current investment theories and build a sustainable and fair financial system,” Stefan Dunatov, chairman of the 300 Club said in the release.
Mr. Ailman added: “It is testament to the profile and work of the club to date that we have such a high caliber of colleagues joining.”
The 300 Club believes that economic and investment trends are set to change the investing landscape over the next two decades, heading toward a turning point that presents huge risks to ordinary savers.
Other North America-based members of the group that were already members include Ron Barin, CIO at Alcoa Inc.; Bob Maynard, CIO at the $15.7 billion Idaho Public Employees' Retirement System; David Villa, CIO at the State of Wisconsin Investment Board, which oversees a total of $104.6 billion; and Ron Schmitz, CIO at the $69 billion Virginia Retirement System.