Los Angeles Earthquake Puts Harsh Spotlight On Recovery Strategies Of Buy-Side Firms

WatersTechnology Staff
04 Feb 1994

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Knocking out power and telephone lines around the city, the Jan. 17 earthquake in Los Angeles jolted many investment management operations, offering an inside glimpse at the effectiveness--or lack thereof--of local firms' contingency plans. Among those affected by the quake were BA Capital Management, Capital Guardian Trust, Capital Research & Management Co., Financial Management and Trust Services and Transamerica Investment Services.

In a survey of the top L.A.-based money management firms

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