40
I
Citi Prime Finance’s 2011 IT Trends & Benchmarks Survey
Large Funds
: Software Spend by Category
• Large funds begin to allocate a higher percentage of
their IT budget dollars toward the marketing function,
refecting the need to cater to their institutional
investor asset base
• Investment decision support becomes the function
that receives the most software budget dollars, relative to
other functions, refecting the effort by large funds
to institutionalize their investment process
• Total software spending for large funds is
$559,000 annually, on average
• The following chart demonstrates how much
money large funds are allocating toward various
software functions
Source: Citi Prime Finance
0
20,000
40,000
60,000
80,000
100,000
120,000
Source: Citi Prime Finance
0
10
20
30
40
50
60
70
80
90
100
Build
Buy
Large Funds
: Software Approach by Category
• Large funds acquire applications from a variety of
sources;: software vendors, service providers, in-
house and outsourced developers
• Large funds almost exclusively source their
marketing applications from vendors, indicating
both their need to augment their investor servicing
as well as the high availability of off-the-shelf
solutions in the market
Software