(Bloomberg) They may be cutting research budgets, but European investors are more willing than ever to dole out up to $1,300 an hour to talk to someone who can give them an edge. Now that banks have stopped giving equity research for free under a new European Union law, some money managers are opting instead to spend their cash speaking with experts in fields as trendy as artificial intelligence or as niche as sausage packaging.
Investors Are Paying $1,300 Per Hour for ‘Expert’ Chats
This entry was posted in Syndicated. Bookmark the permalink.