Browsing: Commissions
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TIAA Joins Ranks of US Managers Paying for Research from P&L
05/23/2019
According to a recent article, US asset manager TIAA has joined the ranks of less than ten US asset managers that have started paying for third-party research from their P&Ls, ...
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A New Idea Enabling Assets Managers to Pay Cash for US Research
02/21/2019
According to market participants, a number of global asset managers have come up with a new way to potentially pay for research from their P&Ls in the US, despite the ...
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Despite MiFID II, UK Trading Costs Higher in Q2 2018
10/16/2018
European commission rates stabilized in the second quarter of 2018 after the initial dislocation of shifting all trading to execution-only in the first quarter of 2018 as MiFID II took ...
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SEC Issues Warning on Best Execution and Soft Dollars
07/16/2018
The SEC’s inspections unit issued a ‘Risk Alert’ summarizing the most common deficiencies pertaining to best execution and soft dollars that its staff has cited in the wake of investment ...
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Commission Rate Declines Owe More To Technology Than Regulation
06/05/2018
The Financial Times article blared “Banks and brokers suffer ‘dramatic’ fall in commissions” crediting MiFID II with saving money for asset owners, but the reality is more nuanced. Our analysis ...
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US Equity Commissions Fell 9% According To Latest Greenwich Survey
05/31/2018
US equity commissions fell 8.9% for the 12 months ended mid-February 2018, according to the latest Greenwich Associates’ US Equity Investors survey. Commissions fell to an estimated $7.65 billion from ...
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Research Funding Roundup: Robeco and Kempen Will Pay For Research From P&L But Invesco and BNP Paribas Will Not
07/20/2017
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 ...
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Man Group Will Not Pay For Research From P&L
07/18/2017
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 ...
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Most US Money Managers Not Subject to MiFID II & May Continue to Use Soft Dollars
07/17/2017
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 ...
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Greenwich: RBC Widens Research Lead in Canada
07/05/2017
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 ...