Research Services and The Changing Behavioural Patterns Of Asset Managers In The Post MIFID 2 World

Authors: Stephen Carney, CEO and John Norris, COO

Impact on market participants

The breadth of the regulation captures, directly and indirectly, a wide range of buy-side firms, varying in size and strategies, as well as their sell-side research services providers (both traditional and independent). Whatever the actual level of preparedness of asset managers and hedge funds some clear trends have emerged in the first eight months of MiFID 2 including:

• Many firms (including the larger global firms) have decided to absorb the cost directly rather than pass this through to the funds
• Smaller firms, themselves not heavy users of research services and rely mostly on access to written content, have also opted to absorb the costs where there is an agreed (or perceived) fixed cost.

In terms of readiness, the decisions around process, technology and overall approach have been impacted by:

Changing behaviours …….. 

Download Full Report Here

Authors: Stephen Carney, CEO and John Norris, COO

Impact on market participants

The breadth of the regulation captures, directly and indirectly, a wide range of buy-side firms, varying in size and strategies, as well as their sell-side research services providers (both traditional and independent). Whatever the actual level of preparedness of asset managers and hedge funds some clear trends have emerged in the first eight months of MiFID 2 including:

• Many firms (including the larger global firms) have decided to absorb the cost directly rather than pass this through to the funds
• Smaller firms, themselves not heavy users of research services and rely mostly on access to written content, have also opted to absorb the costs where there is an agreed (or perceived) fixed cost.

In terms of readiness, the decisions around process, technology and overall approach have been impacted by:

Changing behaviours …….. 

Download Full Report Here