BOSTON, MA and SAN FRANCISCO, CA --
Investment professionals are failing to deliver alpha and investors are
failing to achieve their long-term goals, according to new research
published today by the Center for Applied Research, the independent
think-tank of State Street (NYSE: STT). The research, titled “The
Folklore of Finance: How Beliefs and Behaviors Sabotage Success in the
Investment Management Industry” explores the concept of investment
success and the impact of common beliefs and biases within the
investment management industry.
Kofax ® Limited (NASDAQ: KFX) (LSE: KFX), a leading provider
of smart process applications for the business critical First Mile™ of
customer interactions, today announced that a leading global financial
services firm that is one of the largest banking institutions in the
United States has invested more than $800,000 in Kofax TotalAgility ®
to more efficiently and effectively execute escrow functions within its
investment banking operations.
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