||Jeremy Grantham, Richard Mayo and Eyk Van Otterloo found Grantham, Mayo, Van Otterloo & Co. Investment philosophy: conservative, value-orientation. First investment strategy: U.S. Active, which focuses on large and small cap stocks.|
||International Active division is launched with a focus on large cap international equities.|
||Quantitative division is launched. U.S. Core strategy is one of the industry's earliest quantitative strategies.|
||GMO is industry pioneer in offering investment capabilities through institutional mutual funds.|
||Japanese market becomes increasingly expensive, and GMO decreases Japanese exposure in international portfolios. GMO launches Japan Fund to facilitate clients' ability to alter exposure to Japan.|
||GMO opens London office to enhance GMO's research on non-U.S. equity markets and to augment investment management capabilities.|
||GMO embarks on first asset allocation strategy. Since research indicates that the U.S. growth equity market is highly undervalued, GMO launches the Growth Fund. Clients are encouraged to allocate domestic equities into the GMO Growth Fund. (In 1990, after a 15% appreciation in the U.S. growth equity market, GMO encourages clients to shift assets out of the GMO Growth Fund.)|
||GMO Value Fund is launched as another domestic equity alternative to the existing core and growth strategies.|
||GMO launches a small cap fund (Core II Secondaries). This product, a precursor to the Small Cap Growth Fund (and, in 1996, the Small Cap Value Fund), enhances asset allocation options for clients.|
||The U.S. Sector Fund is created to assist clients in the process of allocating assets among the primary sectors of the U.S. equity market (core, value, growth, and small cap).|
||GMO Emerging Markets group is formed in Berkeley, CA. GMO creates focused investment initiatives in the emerging equity market via the Emerging Markets Fund. GMO also forms its Global Fixed Income group whose International Bond Fund expands the firm's asset class offerings.|
||GMO launches several fixed income strategies including the Domestic Bond Fund, Emerging Country Debt Fund, and Currency Hedged International Bond Fund.|
||GMO becomes a member of the GTE Strategic Partnership Network, a large-scale performance competition among premier asset allocation specialists. The Global Bond Fund is launched.|
||GMO Australia is founded, increasing research and investment expertise in the Asia-Pacific marketplace. GMO begins managing alternative asset classes with the introduction of the Real Estate Fund and the Global Properties Fund. The firm launches its first hedge fund, the Emerging Country Debt L.P.|
||GMO Renewable Resources group is formed, increasing the depth of alternative investment capabilities at GMO with a focus on forestry. With increasing significance of the growing Russian market, GMO launches a Russian equity vehicle. Global Investor magazine names GMO the Most Innovative Investment Management Firm in the industry.|
||GMO launches the Asia Fund, the Tax-Managed U.S. Equities Fund, and the Tax-Managed International Equity Fund.|
||Absolute return strategies are introduced, including Market Neutral and U.S. Aggressive Long/Short strategies.|
||GMO opens Zurich office as part of its commitment to the European market. GMO is named best U.S. Equities manager by Global Investor magazine (February 2002) and is top-ranked U.S. mutual fund family by Morningstar (Global Investor magazine, September 2002).|
||GMO opens Singapore office to provide additional business development opportunities and client service enhancement to the Asia-Pacific client base. |
GMO adds more new strategies, including Real Return Global Balanced Asset Allocation and Global Growth strategies. GMO is ranked top U.S. equities fund family based on Morningstar ratings (Global Investor magazine, February 2004).
GMO launches the Algorithmic Trading Division. Firmwide assets under management surpass $100 billion.
GMO’s Emerging Equity Division adds the Emerging Illiquid strategy, which focuses on the less liquid segments of these markets. GMO’s Renewable Resources Division launches the Long Horizons Forestry strategy, which invests in non-traditional species with a 15- to 20-year time horizon.
GMO opens Amsterdam office as part of its ongoing commitment to the European market.