More than 50% of P&I Online readers do not believe their organization is prepared for another financial crisis.
Only 33% of respondents thought their organizations are prepared for another crisis, and almost 17% did not know whether their organizations are ready.
Sunday marks the fifth anniversary of Lehman Brothers Holdings Inc.'s Chapter 11 bankruptcy filing, which was a seminal moment in the 2008 financial crisis. Consequently, Pensions & Investments asked institutional investors whether they thought they and their peers are better prepared than in 2008.
The response of P&I Online readers matches the responses of the investors interviewed for the story.
“The most shocking thing five years on is how little the world has changed,” noted Robert D. Arnott, chairman of Newport Beach, Calif.-based money manager Research Affiliates.