32
I
Citi Prime Finance’s 2011 IT Trends & Benchmarks Survey
Small Funds
: Software Spend by Category
• Small funds spend the least on marketing-
and fnance-related applications
• Funds in this segment allocate the most
budget towards portfolio management and
trading software
• Total software spending for small funds is
$161,000, on average
Source: Citi Prime Finance
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Source: Citi Prime Finance
0
10
20
30
40
50
60
70
Build Buy
Small Funds
: Software Approach by Category
• Small funds acquire applications from a variety
of sources: software vendors, service providers,
in-house and outsourced developers
• Small funds were 5 times more likely to source
portfolio accounting applications from a vendor
or service provider than build it
Software