State Street: Solving For T+1
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Renee WijnenLike its sell-side counterparts, the buy side faces a monumental challenge in reaching T+1.
"We, like everyone else, had to grapple with how to get there," says Wes Burns, managing director of investment operations for Pacific Investment Management Co. (Pimco). Given the "fact that we are a fixed income house, and settlement surrounding fixed income and derivative instruments is more complicated than equities, it’s a daunting task to do on your own."
That’s why the work that’s being
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