JO Hambro Capital Management (JOHCM) has become the latest group to announce it will pay for research out of its own capital, rather than charging clients, when MiFID II rulings come in to place on 1 January 2018.
MiFID II requires the costs of research to be clearly identifiable when charged to a client, but a now growing number of asset managers have said they will bypass client charges entirely, choosing to pay...
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