Industry Analysis

Could investment consultants hold the key to rooting out institutional corruption?


Harvard’s Youngdahl pinpoints flaws in the consulting/investor relationship, highlighting the folly of prediction-based choices

  Jay Youngdahl
Analyses of the financial crisis of 2007 to 2009 and the continuing effects of a difficult investing environment have largely focused on factors such as the roles of failed and complex financial products, inadequate credit-rating agencies and ineffective government regulators.

But according to Jay Youngdahl, Network Fellow, Edmond J. Safra Center for Ethics at Harvard University, and keynote at the upcoming InvestHedge Forum, there is another key group of actors in the financial landscape that until now has gone nearly unexamined: the investment consultants.

In his most recent paper, entitled