Chief Investment Officer magazine named SWIB Funds Alpha Manager Derek Drummond to its Class of 2019 NextGens list. Each year, Chief Investment Officer seeks nominations for money management professionals seen as rising leaders in the investment industry. The 2019 NextGen list brings together 30 of those talented and inspiring asset allocators who show a strong ability to become potential industry game changers.
Drummond, who joined SWIB in 2010, heads SWIB’s funds alpha team. The funds alpha team manages SWIB’s hedge fund portfolio and its portfolio of external public market managers. Alpha refers to an investment strategy’s ability to beat the market or generate excess returns above market returns. Drummond and his team manage portfolios worth more than $20 billion.
“Derek has an unrivaled talent for building a wealth of key relationships and maintaining them over decades,” SWIB Executive Director/Chief Investment Officer David Villa told the magazine.
Drummond said he is proud of the team he works with at SWIB. “We have a top-tier team with bright people who are all working together to generate returns that will benefit the Wisconsin Retirement System.”
Drummond continues to be recognized for his work. Last year he was part of Institutional Investor magazine’s Next CIO competition. In 2012, he was named a Rising Star of Public Fund Management by Investment Management Network. Institutional Investor named him a Rising Star in 2014, and he was named to Chief Investment Officer magazine’s list of “40 Under 40.”