UK Adoption Of GIPS Will Likely Force Institutions To Increase Their IT Budgets

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LONDON--The United Kingdom's adoption of the Global Investment Portfolio Performance Standards (GIPS) will likely push money mangers to spend more on investment management and performance technology this year.

The GIPS standard aims to increase market transparency and help globalize the money management industry by creating common international standards for fund performance reporting. To be able to meet these standards money managers are expected to overhaul their portfolio reporting

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