Offshoring arrives - and it's for analysts as well as the back office
Mumbai is a long, long way from Greenwich, Conn. But for larger hedge funds, faced with spiraling administrative and regulatory costs and increasing competition for brainpower, the offshoring potential of the Subcontinent is more and more alluring. These days, there's less hesitation to offshore critical tasks, and not merely for back-office functions. What has kept hedge funds from taking the plunge is less the barrier of distance than one of trust. But that barrier is eroding.
Proponents of offshoring believe that most,