Editor's letter - The trickle-down effect

Not only did the meltdown in the financial services industry have an impact on buy-side firms' profitability, but it also directly affected investment managers' technology spending. Sure, there was always sufficient capital to spend on implementations deemed crucial to the healthy running of the business - risk-related projects are a case in point - but all the other 'peripheral' and nice-to-have type programmes were either put on ice or scrapped altogether. As Squires explains in the Big

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