Browsing: Commissions

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Research Funding Roundup: Robeco and Kempen Will Pay For Research From P&L But Invesco and BNP Paribas Will Not

BNP Paribas Asset Management, which oversees €580 billion ($672 billion), and Invesco, which manages $859 billion, have announced they will fund research payments alongside commissions, while Dutch managers Robeco, with ...

Man Group Will Not Pay For Research From P&L

Man Group, the world’s largest publicly traded hedge fund group with assets under management of $88 billion, indicated it will continue to fund research alongside client commissions during an earnings ...

Most US Money Managers Not Subject to MiFID II & May Continue to Use Soft Dollars

The following is a guest article by Lee Pickard, Will Edick, and Kristen Hutchens, lawyers at Pickard Djinis and Pisarri LLP which has previously obtained U.S. no-action relief relating to Section ...

Greenwich: RBC Widens Research Lead in Canada

RBC Capital Markets has increased its already significant lead in the Canadian equity research space according to a new survey by Greenwich Associates.  Unlike the US, Canadian commission volumes were ...

US Equity Commissions Fell 13% According To Latest Greenwich Survey

US equity commissions fell 13% for the 12 months ended mid-February 2017, according to the latest Greenwich Associates’ US Equity Investors survey.  Commissions fell to an estimated $8.4 billion from ...

Germany’s Third Largest Asset Manager Will Not Pay For Research From P&L

Union Asset Management, with €310 billion (US$345 billion) in assets under management, said it was unlikely to pay for research costs under new MiFID II research unbundling rules going into ...

RBC Enters RPA Administration Partnering With Commcise

 Royal Bank of Canada is the first investment bank to administer research payment accounts (RPAs) under MiFID II while announcing an alliance with commission management software provider Commcise.  Up until ...

Aberdeen Projects £10 million Equity Research Payments From P&L

In a recent earnings call, Aberdeen Asset Management, a UK asset manager with over £300 billion (US$390 billion) in assets under management, said it expects to spend £10 million (US$13 ...

Henderson Global Investors Will Not Pay For Research From P&L

In a recent earnings call, UK asset manager Henderson Global Investors said it would be funding research payments alongside commissions under forthcoming MiFID II regulation. Andrew Formica, Chief Executive, responded ...
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Research Unbundling: From the UK With Love

The MiFID II rules designed to separate research payments from commission payments are the outgrowth of escalating regulatory concerns over bundled research payments, primarily rising from the UK. Origins   The ...
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