GLG Partners has begun adopting mobile technology in an effort to improve communications among its managers – a move it believes will help drive the firm’s investment performance.

The UK-based manager, which acquired Societe Generale’s UK asset management business (SGAM) in December last year, has implemented a web-based ‘chat’ system that allows staff to update colleagues on client meetings and portfolio performance at the touch of a button.

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Daniel Enskat, global head of consulting at Strategic Insight, says most firms now realise the necessity of tapping into this type of mobile technology. He says the iPhone application being developed by Vanguard shows how the firm is expanding its philosophy of investment simplicity to its communications with investors.

“Allowing investors to check their investments via a mobile device, and reducing the need for phone calls, shows Vanguard as an advocate for simplicity,” says Mr Enskat.

Europe, in particular, is leading the way with this type of development, he says.

by David Ricketts, Ignites Europe
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