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Europe Rules on Bank Research Seen Biting U.S. Fund Managers

  • 66% on buy side see Europe MiFID II reaching them, report says
  • Survey of 100 money managers see transparency as challenge

U.S. money managers are bracing for the fallout of looming financial regulation in Europe.

That’s according to a report by research firm Tabb Group LLC, which found that 66 out of 100 hedge fund and asset managers surveyed expect Europe’s vast regulatory overhaul to change their American business, too, even if similar rules never make it to the U.S. That’s up that’s up from 38 percent last year, according to the report, which was released Wednesday.