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

SPECIAL REPORT

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, IMT

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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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