Investment Management after the Global Financial Crisis
The investment industry was severely affected by the global financial crisis of 2007–2009, and changes will have to occur. In Investment Management after the Global Financial Crisis, investment industry players, observers, recruiters, and academics are asked to offer their opinions and ideas about what they think the most profound changes are going to be. This monograph elaborates on how the financial crisis affected and will continue to affect investment management decisions and processes.
- From mid-2007 through the first quarter of 2009, financial markets were shaken by a series of shocks.
- The first was the shock in the summer of 2007 in which liquidity dried up and the subprime mortgage crisis began.
- Then, following the collapse of Lehman Brothers in September 2008, the financial markets began a slide that caused major indices, such as the S&P 500 Index and the MSCI Index, to lose more than half their value compared with their highs in 2007.
- By the end of the first quarter of 2009, most investors had suffered serious losses and asset management firms were in survival mode.