PM&A systems on the rise, says TowerGroup report

PERFORMANCE MEASUREMENT | REPORT PREDICTS INCREASED SPENDING BY 2006

BOSTON -- Buy-side firms will increase spending on performance measurement and attribution (PM&A) software and services to $455 million in 2006 from $355 million in 2003 due to greater reporting requirements from clients and demands for more functionality by portfolio managers and analysts.

According to a new TowerGroup report entitled Performance Accounting and Analysis: Hot Topics for Investment Management Firms in 2004, investment managers are likely to rely less on their own proprietary

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