Global Asset Management Builds Technology To Manage Money
THIS WEEK'S LEAD STORIES
A fledgling money management firm in Princeton, New Jersey, is betting that advanced technology will help bring its clients annual returns on investment of well over 30%. First Global Asset Management Inc., founded in September, is building its own database to manage global financial information on a real-time basis; proprietary econometric models; and an expert system that the firm's partners hope will function as a "computerized trader."
"We look at technology as an extremely efficient and
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