Odey warns of 'terrifying' MiFID II and tapering combination

'Hindsight will have a field day'

Tom Eckett
Crispin Odey, Odey Asset Management

Crispin Odey, Odey Asset Management

Hedge fund manager Crispin Odey has said the incoming MiFID II rules on research will lead to fewer trades, less price discovery and less efficient markets, and could be devastating to markets when combined with the end of QE.

In a note to investors, Odey warned MiFID II, which comes into effect on 3 January 2018, would cause an increase in capital costs meaning firms with less access to research would trade less, according...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Markets

Market Movers Blog: OPEC to monitor pandemic closely as it agrees to maintain output hike

Market Movers Blog: US sees job growth below expectations for November

Latest news and analysis

Investment Week
clock 03 December 2021 • 1 min read
Market uncertainty said to be possible reason behind low retail sales

UK retail fund sales sink to lowest level since September 2020

Investors in ‘wait and see’ mode in October

clock 02 December 2021 • 1 min read
All the latest news, analysis and content about the Covid-19 outbreak

Coronavirus Blog: UK buys 114 million more vaccine doses to tackle Omicron variant

Latest news and reaction

Investment Week
clock 02 December 2021 • 1 min read