“Joshua Maxey, managing director of Third Bridge, a research provider, said: ‘It is not surprising to see some managers reversing course on passing on research costs after BlackRock’s announcement and it will increase the pressure on others to fall into line.'”
Financial Times: Schroders and Janus Henderson to pay for research after Mifid II
As asset managers began backtracking on decisions to charge investors for research under Mifid II, Third Bridge co-founder and managing director Joshua Maxey offers his opinions