Technology adoption by managers is being driven by the need to become more operationally efficient, client demands for bigger returns and the peril of falling behind of regulator demands, says the head of one asset management firm.

There's also a thematic change happening in financial services due to technology that firms should heed, says Maz Jadallah, who founded San Francisco-based AlphaClone in 2008 to provide retail investors access to hedge funds and institutional investors. "The big, over-arching trend is democratization of access and democratization of data, knowledge and information for the end-investor," Jadallah says.

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