Smaller players still scrutinising spending

Despite the moderate turnaround in the global equity markets and the associated bullish sentiments, smaller buy-side players are continuing their reluctance to commit dollars and cents to IT projects deemed non-critical to the firms’ survival. Stewart Eisenhart reports

Small and mid-tier investment and hedge fund managers will increase their IT budgets in 2004, but technology spending will not keep up with growth in assets under management or revenues. This is the gist of a new study