The only software that really has intrinsic value is the software that can predict returns on mutual funds, exchange-traded funds or single stocks.

But, as Chuck Giessen, senior vice president of the financial markets group at SS&C Technologies, points out in this issue, it's not software that generates returns for a fund. It's a portfolio manager or a trader. Individuals who know how to make use of tools, but really are following their own insight into how markets move.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.