(Bloomberg) When hedge-fund manager Dario Sacchetti gets into work each morning, he’s met with an inbox filled with sell-side research reports. “We receive a lot — definitely more than 20 a day,” said the co-founder of London-based Anavio Capital Partners. “It’s helpful but we’re very selective about what we read and what we don’t.” Come January, money managers like Sacchetti will have to pay thousands of dollars to read basic research reports and potentially several hundred thousand to access services such as private discussions with a bank’s most sought-after analysts. The ban on sending clients free analysis is one of the most talked-about aspects of Europe’s upcoming MiFID II rules, and means Sacchetti will “drop research not deemed necessary.”
Smallest Hedge Funds Will Be Quick to Drop Research Under MiFID
This entry was posted in Syndicated. Bookmark the permalink.
