WRS News Online

Drummond Named Among the Best 40 Under 40

Derek Drummond Photo
Derek Drummond

In the financial world, hundreds of thousands of money managers and analysts oversee billions of dollars in investments. Many of those people go unnoticed. For a select few – like the State of Wisconsin Investment Board’s Derek Drummond – their work and accomplishments make others sit up and take notice. Drummond was recently named one of Chief Investment Officer magazine’s “40 Under 40”, a list that recognizes 40 influential individuals in the investment world under the age of 40.

“Being selected is a huge honor,” the 35-year-old Drummond said. “The selection process is peer-driven, so I am very fortunate to even be mentioned in the process.”

Drummond, an analyst for SWIB’s private markets and funds alpha team, is responsible for going into the market and trying to find the best investment managers in the world to partner with SWIB in order to generate the best return possible for the Wisconsin Retirement System.

Drummond, who is an avid triathlete and takes part in competitions across the country, knows that when he is competing he has to excel under different and sometimes difficult conditions. Succeeding in investing is no different. With the markets going up as much as they have over the last few years, Drummond says there are a lot of investment managers that are performing well right now. He says the key is finding partners that can excel no matter how different and sometimes difficult economic conditions may be affecting market performance.

“The hardest thing for our team is trying to find the partners we want to team up with that will do well not only in the ‘good’ times but also in the ‘bad’ times,” he said. That strategy, like SWIB’s overall investment strategy, is designed to help protect the WRS from extreme market swings. Finding those partners is not easy, but Drummond says being part of the 40 Under 40 helps him tap into valuable resources to help him succeed.

“The other winners are the ‘best of the best’ in the business and it has been a pleasure to connect with them on how they do things,” Drummond said. “Our staff at SWIB is always questioning our process and learning from others.”

This is not the first time Drummond, who joined SWIB in 2010, has been recognized for his work. In 2012, he was presented with a Rising Star of Public Fund Management Award by the Investment Management Network, and in 2014 he was named a Rising Star by Institutional Investor magazine. Drummond, who earned a bachelor’s degree in economics from the University of Colorado at Boulder and a Master of Business Administration degree from the University of Wisconsin-Madison, says that while it is nice to be recognized for the work he is doing, he is focused on doing the best he can for WRS members.

“We take our responsibility for maintaining a well-funded WRS for more than 590,000 members seriously,” Drummond said. “Our goal is to be successful in ensuring the WRS is among the best public pension funds in the country.”