MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

U.K. investment management software vendor DST Clarke & Tilley is crowing over its strong 1993 earnings, reporting a 46 percent increase in revenue--to £7.45 million--as against 1992. The vendor says its staff headcount rose also, to about 300 worldwide. The earnings report follows a year in which DST Clarke indulged in a little acquiring. In particular, it bought Belvedere Financial Systems, a Boston-based portfolio management system vendor, last spring (IMT, July 23, 1993).

Separately, DST

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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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