, Columnist
How Fund Managers Dashed the Hopes of Equity Analysts
MiFID won't lead to a bonanza for independent research firms.
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Investment research boutiques were among the few financial firms with reason to look forward to MiFID II.
The new financial rulebook promises to bring greater transparency to the value equity analysis -- which ought to have made make it easier for small firms to prosper. There are already signs the reality could be very different.