Google 'Warned' About Entering Financial Services Industry

The ultimate insider with the capability to monitor and decode reams of hard to access or confidential data may enter the asset management industry, and the industry is worried.

Google getting in fund management business

Recent talk that Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) may get into the fund management business was heightened by a recent Financial Times article that revealed the tech giant retained a well-known financial services research firm to determine how to enter the asset management business.  The report said this was a hot topic of conversation and the “biggest fear” among large hedge fund managers.

With this as a backdrop comes an open letter from Dave Nadig, a columnist at ETF.com, to...