Jan
09
MiFID Seen Driving 20% Cut in EU Funds’ External Research Budget
By-
Greenwich Associates survey finds global impact of regulations
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Report shows fund managers reducing number of providers used
European fund managers have cut their 2018 investment research budgets by 20 percent as they scale back the number of providers they use in response to MiFID II.
That’s according to a survey of fund managers conducted by U.S. consulting firm Greenwich Associates, which assessed the shakeup to the multi billion-dollar market for research under the European Union law that started Jan. 3. The law requires asset managers to separate payments for investment research from those for brokerage services to execute trades…
MiFID Seen Driving 20% Cut in EU Funds’ External Research Budget
