Small funds to be kneecapped by MiFID research costs
Small fund managers may struggle to pay the fees big investment banks are asking for research access, as MiFID II has turned the divisions into profit centres. Large banks are showing little to no flexibility on prices, which can run to tens of thousands of dollars, for firms with low user numbers.
One US fund manager told GlobalCapital this week that he cannot afford the high prices banks are charging for their research under MiFID II, and that not having access to it could hamper his investment decisions going forward.He said JP Morgan is quoting funds $25,000 per year to cover “all ...
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