More mutual funds outsourcing their operations could be a good thing for shareholders. Wall Street Journal
reporter Daisy Maxey uses her Fund Track
column space to highlight a PricewaterhouseCoopers
study that found that roughly one-third of asset managers plan to increase their outsourcing of internal controls and risk management. While the 150 plus executives covered by the survey did not all come from mutual fund firms, she concludes that the increased outsourcing could result in "lower costs, higher-quality products and increased disclosure." Barry Benjamin
, head of PwC's Investment Management also hints in the article that the newly enacted rule 22-c may prove a marketing boon to fund firms as the gain access to client data from intermediaries and brokerage firms for the first time.
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