AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Money Managers Bulk Up Research Teams: As Soft Dollars Shrivel, Internal Research Expands.
As the soft dollar squeeze forces investment management firms to show exactly how they spend their commission fees, the reliance on in-house has increased, accord- ing to a recent report by Integrity Research Associates.
"Are you going to pay for external research that you can't control, or internal research, which you can control?" said Michael Mayhew, CEO of the Darien, Conn.-based research and ratings company.
By 2009, money managers will generate 41% of the research they rely on in-house. That number has grown from 26.2% in 2004, according to the report.
This increase will contribute to a continuing decline in sell-side research, with many following the lead of Wells Fargo of San Francisco, which pulled out of the business altogether in August 2005.
Because not all managers can afford to build out their internal research, independent research services provided by businesses will boom. By 2009, independent research companies will expand to 26.2%, up from 15.8% in 2004.
- Research: Money managers increase staffing; Search for new investment ideas...
- Magazine article from: Pensions & Investments June 13, 2005 700+ words
Byline: Gregory Crawford Money managers are beefing up their research...with low return expectations. Money managers' research staffs increased...major emphasis on building internal research, Mr. Auth said. "Five years...
- Money managers beefing up their research staffs; Search for new ideas spurs...
- Magazine article from: Investment News June 20, 2005 700+ words
Byline: Greg Crawford NEW YORK - Money managers are beefing up their research staffs...markets with low return expectations. Money managers' research staffs increased by 4...has put major emphasis on building internal research, Mr. Auth said. "Five years ago...
- Demand Rising for Independent Research: Brokers Pairing Providers With Money...
- Newspaper article from: Money Management Executive Glover, Hannah December 4, 2006 700+ words
...is like online dating. Money managers indicate what they look...warm lead," he said. For money managers, the advantage is hot...ConvergEx trading platform. Money managers subscribe to the service...commissions-beefed up their own internal research teams, firms that ...
- Independents to Gobble Research Pie in Future.
- Magazine article from: Investment Dealers' Digest July 5, 2004 700+ words
...doubling in expenditures by money managers on research in the next...5.91 billion from money managers for research in 2003...more to develop their internal research divisions, while smaller money managers-which often cannot...
- Some SMA money managers 'saying goodbye' to the biz; New business model, fee...
- Magazine article from: Investment News March 12, 2007 700+ words
...industry is expected to force more money managers to rethink their commitment to the...levels. "There is already a squeeze on money managers, and that will only get worse...some of the industry's roughly 200 money managers already are "saying goodbye...
- What are you doing to keep talented money managers from leaving your...
- Magazine article from: American Banker Merrill, Cristina April 28, 1995 700+ words
...What are you doing to keep talented money managers from leaving your bank? Call it the flight of the money managers. Recent departures of investment...recently lost an entire team of money managers, headed by Michael D. Hirsch...
- Thomson Financial's Nelson Information Ranks World's Best Money Managers.
- Press release article from: PR Newswire December 5, 2002 700+ words
Expanded 3Q02 Ranking of Money Managers and Portfolios Now Available...released Nelson's World's Best Money Managers rankings for the third quarter...management industry. World's Best Money Managers analyzes the performance of 1...
- DRAMATIC CHANGE: Proposal would shift trade costs from pension plans to...
- Magazine article from: Pensions & Investments Payne, Beatrix March 19, 2001 700+ words
...stockbroker commissions that could see money managers footing the bill for transaction costs...Investment Ltd., London, also suggest money managers charge plan sponsors a single fee that...system, in which trustees pay their money managers an annual management fee and, in addition...