Trema survey highlights poor operational risk controls

Trema, the Sophia Antipolis-based provider of asset management technology, has released the results of its Asset Management STP Survey conducted between June and August this year.

A total of 92 investment managers, hedge funds, pension funds, insurance companies and mutual fund managers - domiciled in the vendor’s traditional stronghold of Europe and the UK - participated in the study, which covers technology issues under the headings "general", and front, middle and back office.

Although the 34-question report covered just about every conceivable technology-related issue pertinent to the buy side, its one potential weakness was its scoring mechanism. Firms were asked

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