JOHCM joins asset managers in absorbing research costs

Costs of £5m per annum

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 for external research out of their own capital and/or making further use of in-house capabilities. JPMAM to shoulder own research costs post-MiFID II A statement from JOHCM CEO Ken Lambden said: "As a high conviction active fund manager, our proprietary research is key to delivering investment outperformance for our clients, but we also value access to selected research generated by e...