Study Shows Asset Managers Still Struggling with Accounting, Exposure
A new white paper released by software services provider SimCorp and authored by Woodbine Associates found that more than half of buy-side firms polled were not confident in the accuracy of their present accounting systems and nearly a third said that they cannot calculate exposure in real-time.
"We sort of suspected that these were issues, but we didn't expect that magnitude," David Kubersky, managing director of SimCorp in North America, tells BST.
Matt Samelson, principal at Woodbine
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