The investment management industry is always looking to make business more efficient, cut costs and comply with regulations. More firms are recognizing the key to helping with those issues might be outsourcing.

Thirty-one percent of investment management firms said they plan to increase their outsourcing arrangements with third-party providers over the next two years, according to a PricewaterhouseCoopers survey of 150 finance executives from mutual funds, hedge funds and other asset management firms at two PwC forums in Boston and New York last month.

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