Lindsell Train has warned it may need to add to its compliance team in order to cope with the "burden" imposed on the firm by greater regulation including MiFID II, but added it expects research costs paid by the firm to be lower than other asset managers.
The firm confirmed it would be absorbing research costs under MiFID II but said it expected these costs to be low relative to other asset managers' payments given the firm mainly uses in-house research. ...
Joined with 21 Partners
Consequences could be more severe than in stress tests
Move to variable operating expenses
Set to happen on 4 April