For fund and investment managers around the world, every sliver of a percentage point of return matters. That is why they need to be ready for what is known as T+1 — an imminent US, Canadian and Mexican rule change on trade processing that risks adding unwelcome costs and a drag on performance.
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The big trading shake-up that is about to hit fund managers
Like most regulatory change, it involves a great deal of inspection, verification and renovation of practices in the industry’s “middle and back office”. Portfolio management processes and investment management decision-making need clear attention too. The T+1 shift is not just something for the “processing people” to fix.
