The Most Important Principle for Money Managers Is Ethics Ethics have been in rare form on Wall Street for many years, says CalSTRS CIO Christopher Ailman. And it's the single trait that all money managers should have. Related Articles OCIOs: U.S. Stocks Are Expensive, But Don’t Trim Yet James Comtois AustralianSuper CIO and Deputy CEO Mark Delaney to Retire in 2026 James Comtois Podcast- Inverting Risk and Capturing the Spread: Merger Arbitrage Explained Sponsored by Fidelity Investments