Only as good as your IT

EDITOR’S LETTER

This sounds a bit simplistic, but it could be argued that many buy-side firms are only as good as their IT. A statement like that would naturally be refuted and probably ridiculed by the academics and individual fund managers that constitute the core of the industry, but even they would have to concede that crucial business decisions that cannot be supported by technology simply cannot be taken. Gone are the days when investing other people’s money on gut feel can be tolerated. It’s simply n