Buy Side Bolsters Controls

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Assuring clients that no investments will be made in securities that they find objectionable is no mean feat where controls are manual. Specialist organizations sell screened data that identifies such prohibited stocks as those associated with gambling, alcohol, pornography or armaments, but the huge size of these databases makes it impractical to apply manual checks: Instead, an automated process is required to manipulate the data.

The growth in the number of socially responsible investment (SRI

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