Small Hedge Funds Seen Quickest to Drop Research Under MiFID
- Some firms say they’ll give up external research altogether
- Smaller funds have borne the brunt of industry’s closures
This article is for subscribers only.
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.”