Content area
Abstract
Buy-side technology vendor Advent Software has begun rolling out a broker evaluation module as an add-on to its Tamale research management system (RMS), to help asset managers put a value on services provided by their sell-side research firms, and to assist in determining commission payments. Mark Rice, SVP and general manager of Tamale at Advent in New York, says the vendor developed the module over six months at the request of a client -- a large European sovereign wealth fund -- that is now in live production, and is also deploying it at three other firms.