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Article: Research: Money managers increase staffing; Search for new investment ideas spurs firms into action.(News)
- Article from:
- Pensions & Investments
- Article date:
- June 13, 2005
CopyrightCOPYRIGHT 2005 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gregory Crawford
Money managers are beefing up their research staffs - albeit slowly - amid increasing pressure to uncover fresh investment ideas that will help them outperform markets with low return expectations.
Money managers' research staffs increased 4% to more than 10,000 people last year, while their portfolio management staffs shrank slightly, according to Pensions & Investments' annual money manager directory.
In addition, Greenwich Associates, Greenwich, Conn., found that between early 2003 and early 2005, the average research staff at U.S. buy-side institutions increased to 10.5 people from 9.3.
Keith S. Macomber, a ...