Managers Look To Technology While Searching For Higher Returns

The business side of investment management technology underwent its share of tumult in 1997. For the most part, the news generally concerned how money managers have attempted to lower overhead, whether it be through product distribution or raising capital, or through consolidating back offices.

Another common theme was some managers' interest in generating revenue by providing services to other managers. Although at least one firm, Federated Investors of Pittsburgh, threw in the towel, after