UK Funds Exposed To Risk Of Failed Trades, Survey Finds


LONDON--A recent survey conducted jointly by London-based Latchly Management and Global Investor concluded that UK fund managers are dangerously exposed to the risk of failed trades and unauthorized trading.

According to the survey, released February 15, all 30 fund managers polled run the risk of huge losses due to a combination of human error and stale portfolio information resulting from failure to automate elements of their operational infrastructure. As such, one to five percent of trades

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