67% of Tier 1 funds outperformed
Joins Vanguard, JPMAM, Hermes in shouldering costs
Expected to cost firm under $5m
FCA study could result in 'unexpected consequences'
Responding to greater regulatory pressures
For activities in FX market between 2007 and 2013
Despite 7% increase in AUM
Pushing margins down further
Ease burden for smaller firms