2009: the year of doing more with less

The financial services industry has never shied away from a catchy slogan to describe a particular trend or feeling, and the current climate is no exception. 'Doing more with less' has already become something of a tagline for the challenging year that lies ahead. The buy side may have survived the financial crisis so far with fewer visible bruises than the sell side, but it has been an exceptionally difficult time.

Assets under management have shrunk across the board, which has naturally put

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