The UK government should offer the same support to boutique asset managers as is available to other small and medium-sized enterprises (SMEs), including access to financing, and "suitable" regulatory and compliance standards, according to financial thinktank New City Initiative (NCI).
In its paper Boutique Asset Managers: An SME Cluster, released on Thursday (31 May) NCI argued asset management SMEs play an important role in the wider UK economy and should be viewed as a "distinct cohort"...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow