Hedge Funds Come Together to Share Cost of MiFID, Research
- Funds are joining platforms to share rising cost of MiFID II
- Being up to speed on rules costs $25,000-plus a year: Privium
How MiFID II Is Going to Change Banking
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With MiFID II looming, hedge funds are concluding there’s strength in numbers.
Smaller money managers are increasingly clubbing together on platforms to share the costs of the European Union’s regulatory overhaul and get help with the paperwork and legal hurdles of compliance. With three months to go before the rules take effect, Joe Vittoria of Mirabella Advisers says his platform has “never been busier,” while Michael Williams of Brooklands Fund Management reports a jump in demand for the “economies of scale” his firm offers.