Buy side not ready for componentized research


LONDON -- In research published in October 2002 by Massachusetts-based TowerGroup entitled What does RIXML aim to achieve?, Jean-Paul Carbonnier made an interesting calculation: "Even if a fund manager spent an average of five minutes reading through each note and did nothing but read research for 50 hours a week, it would take him more than three years (without any vacation time) to get through the content that is produced in just one week."

This may seem an extreme example, but the point of

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