In the wake of the financial crisis, the needs of the buy side have changed, according to a recent TABB Group benchmark study. Buy-side firms' No. 1 goal now is to rebuild assets and performance records, the study says. In a presentation of the study for the media, author Laurie Berke, principal at TABB Group, said that when asked what will drive their growth in 2010, buy-side firms reported relative performance as the top driver, followed by absolute performance, return of retail investor confidence, stock selection, new and alternative products, and return of asset allocation. "Obviously the buy side has gone through a tremendous loss of assets, and no other priority is more important than reestablishing that performance track record," she reported.
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