Buy side set to cut costs, says TowerGroup report


NEEDHAM, MA -- Cost containment and business continuity have replaced concerns over T+1 settlement and web-based implementations as the primary business drivers for the asset management industry, says a report from Massachusetts-based research consultancy TowerGroup.

Technology spending by investment management firms has declined since the technology boom of the 1990s, says the report, entitled The investment management top 10 business drivers impacting technology decisions, with senior

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