Mark Anson was president of Nuveen Investments until early April, when he moved to Oak Hill Investment Management Group as managing partner and chief investment officer. In this program, a recording of his address at Pensions & Investments’ East Coast Defined Contribution conference held in early March, Mr. Anson discusses the investment environment of 2008 – when risk was punished – and 2009 – when financial markets returned to more normal equilibrium. And looking ahead, he says 2010 is about alpha capture – an investment environment that favors active management. Finally, he outlines his idea for a new, low-risk portfolio that 401(k) participants – and their plan sponsors – might find intriguing.