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"...
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