GMO is solvent and has stayed in business.

True if, as of 3 December 2012, GMO was still operating as a going concern, was not insolvent, and had continued in business since its underperformance around 1999-2000. False if records show GMO had become insolvent, closed, or stopped operating in that period. Mostly true only if it was operating but some minor detail differs (e.g. the exact timing of the underperformance).

Set before the research began.

1. E1 The messenger shoots back Institutional Investor · 31 July 2003

   “GMO nearly unraveled. From a peak of $31 billion in mid-1998, assets shrank to $20 billion in mid-2001, a roughly 35 percent decline, as long-time clients dismissed GMO as hopelessly out-of-date.”

2. E2 The messenger shoots back Institutional Investor · 31 July 2003

   “GMO suffered more than most value-biased managers, and the firm -- a 26-year-old private partnership -- has also rebounded more dramatically, winning back old clients and attracting new ones.”

3. E3 Brent Sheather: Herd mentality does the damage - NZ Herald New Zealand Herald · 1 June 2007

   “As technology shares soared this gave rise to serious short-term underperformance and the firm lost 40 per cent of its mainly institutional business.”

4. E4 QUARTERLY LETTER My Sister's Pension Assets and Agency Problems GMO · 18 April 2012 Own record

   “Yet we survived, although not without some battle scars, with the great help that we did, in the end, win these bets and by a lot.”

Independent reporting from 2003 says GMO 'nearly unraveled' when its assets fell from $31 billion in mid-1998 to $20 billion in mid-2001. The same report says the firm then rebounded strongly, winning back old clients and adding new ones (E1, E2). A 2007 article independent of GMO describes the firm losing 40 per cent of its business during the technology boom, which implies it kept operating afterwards (E3). GMO's own quarterly letter from April 2012 says the firm survived, and the fact that it was still publishing that letter shows it was operating months before the claim (E4). No evidence shows insolvency or closure.