Institutional investors share responsibility for the financial crisis, but have learned little from the experience, according to a survey carried out by AQ Research and Responsible Investor on behalf of the Network for Sustainable Financial Markets.

Just 10 per cent of the 208 investment professionals interviewed thought institutional investors were entirely blameless for the near collapse of the financial system, although a further 20 per cent had gone into the crisis thinking they were blameless, only changing their minds as events unfolded.