Taking the random route

Measuring performance against a benchmark has been the standard methodology across the buy side for a number of years, but as Andrew Colin explains, not all benchmarks are equally challenging to outperform

Joe Micawber was uneasy. The back office had just sent through the monthly figures for his firm's flagship fund. With a billion dollars under management in treasuries and gilts, the year-to-date numbers looked healthy, if not spectacular.

His hand-picked team, each with an average of 20 years'

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A rough race begins: Industry faces uphill transition to T+1 settlement

With T+1 compliance set to begin next May, firms will likely be burdened by reduced IT budgets, existing legacy systems and manual processes over the next 15 months. So, while faster settlement will help innovate the middle and back office, some argue industry needs a longer timeline.

Build versus buy: How to evaluate your software

For as long as the investment management industry has used software, there has been a debate about whether asset managers should build or buy their tools. Jonas Svallin, global head of quantitative research and product development at FactSet, argues that…

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