Managers of UK small-cap equity funds fear the full force of recent MiFID II research rule changes have yet to hit the sector, including a further reduction in coverage and a negative impact on research quality.
MiFID II, which came into force in January 2018, requires buy-side firms to pay separately for "substantive", value-added research they receive from brokers, otherwise this would amount to an inducement...
Two join in the top ten
Reducing equities and corporate bonds
Behaviours, animals or something else?
Stepped down following MBO
Helped by rising oil price