Investors Are Paying $1,300 Per Hour for ‘Expert’ Chats
- Firms that link investors to experts seize on new MiFID law
- Some networks were abused in U.S. insider trading scandals
European Investors Paying $1,300 an Hour to Talk to 'Experts'
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They may be cutting research budgets, but European investors are more willing than ever to dole out up to $1,300 an hour to talk to someone who can give them an edge.
Now that banks have stopped giving equity research for free under a new European Union law, some money managers are opting instead to spend their cash speaking with experts in fields as trendy as artificial intelligence or as niche as sausage packaging.