SUBSCRIBERS

New rules on market research are changing how fund managers hire

Published Mon, Feb 5, 2018 · 09:50 PM

New York

AS NEW rules spur Wall Street banks to further shrink their research budgets, US asset management firms are shoring up in-house research, and reinventing the stockpicking business in the process.

Fund managers are eschewing the traditional model of teams built to cover a broad range of industries, instead picking areas of expertise and hiring analysts with very specialised knowledge and often non-Wall Street backgrounds.