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. ...
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Spent eight years at the firm
24-hour ping-pong with Legg Mason
May backs down on mutual regulatory recognition
Investing in commodity futures and stocks