Active asset management company J O Hambro Capital Management announces that it will directly pay for external research used by its fund management teams when the reforms to the EU’s Markets in Financial Instruments Directive (known as MiFID II) come into effect on 3rd January 2018.
Ken Lambden, JOHCM Group CEO, said: “As a high conviction active fund manager, our proprietary research is key to delivering investment outperformance for our clients, but we also value access to selected research generated by external parties. The new MiFID II regulations increase the level of transparency around the cost of research services, and we feel that under these regulations the direct payment of this cost is in the best interests of our clients.”
The funding of JOHCM’s external research is expected to be approximately £5 million per annum.
Source: J O Hambro Capital Management
Sean Tuffy, an expert on financial regulation in asset management, tweeted:
Here's the latest MiFID 2 unbundling list (updates in italics). Will post again next week, so keep the news coming pic.twitter.com/Oc3pN465of
— Sean M Tuffy (@SMTuffy) August 30, 2017
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Franklin Templeton is enabling peer-to-peer transfers in its on-chain fund & Archax has tokenized a BlackRock ...
-
The BlackRock-Temasek joint venture invests in companies that support the acceleration of decarbonization.
-
A search will be launched for Peter Harrison's successor.
-
Total market share of active ETFs has grown to 8.5%.
-
The FCA regulated digital asset exchange added tokenized access to abrdn’s MMFs last year.