“This Just Feels Like Death”: Analysts Flee Research Positions Amid MiFID II Changes
by Tyler Durden
ZeroHedge.com
Nov 17, 2017
For the past couple of months, we’ve frequently shared our views that Europe’s MiFID II regulations, which force investment banks to charge for equity research instead of “giving it away” in return for trading commissions, could be a wake up call for 1,000’s of highly paid research analysts who were about to have their true ‘value add’ subjected to a market bidding test. Here are just a couple of examples:
Deutsche Bank Forced To Slash Fixed-Income Research Price By Half On Lackluster Demand
New European Regulations Set To Crush Equity Research Budgets By $300 Million
Macquarie Identifies The Winners And Losers Of MiFID II
Sticker Shock: Small Hedge Funds Seen Ditching I-Banking Research Under MiFID
Now, per a note from Reuters, it seems that a growing number of equity research analysts are finally waking up to the fact that hedge funds don’t really have a burning desire to drop $400,000 per year on reports drafted by a 23-year-old recent college grad that do little more than summarize free SEC filings. Who could have known?
The Rest…HERE
