The rise of the treasurer: A technology imperative for asset managers?

Why is it, when it comes to technology, the consensus is that asset managers have lagged their hedge fund counterparts? For a while now, hedge fund managers have been actively seeking new ways to improve operational efficiency and expand their asset base, as pressure on margins shows no signs of abating.  In contrast, asset management has always been, and remains, a people-oriented industry. There are also big differences among asset managers in terms of structure, and assets managed. Legacy IT systems, for example, have been built internally to cope with their continued scale. As a resu...