The Rocaton Way

As the FSA’s chief hedge fund watchdog, Hector Sants embodies the U.K.'s firm but friendly style of regulation.

Sheila Berube liked to claim that, unlike many of her peers, she didn’t need an investment consultant to help her manage pension assets. As director of cash and investments in the treasurer’s office at Allina Health System, a not-for-profit hospital and clinic network in Minneapolis, she oversaw $600 million in endowment funds and a $200 million defined benefit fund before taking the pension reins as finance manager at conglomerate 3M Co.

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