Summary

U.S. institutions used the first half of 2009 to take a close look at their investment policies, asset allocations and investment managers to determine what went wrong last year, to pinpoint the policies, investments and managers that performed as expected through the market crisis and to identify those that fell short.

Analysis

The conclusions that institutions draw from these reviews will have profound impact not just on the U.S. investment management industry, but also on the world’s financial markets and on the millions of American workers who rely on the nation’s pension system for their security in retirement.

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Analyses are solely the work of the authors and have not been edited or endorsed by GLG.