JPMAM cuts 100 jobs at height of bull market
Regulation, increasing costs, and the rise of passives threaten active managers
Regulation
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The slow Mifid II endeavour
After years of expectation, Mifid II has finally rolled out. So how has its first three months affected fund selectors?
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Alfi chief: regulation overload hindering industry
The glut of hefty EU regulations introduced this year do not always complement each other, complains Alfi chair Denise Voss.
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Stark: ECB interference causes ‘unintended consequences’
The European central banks’ market interventions, such as their asset purchase programme, has created the “unintended consequence” of the institutions becoming a dominant decision maker in investments, and has led to risk not being priced properly, according to ex-ECB chief economist Jürgen Stark.
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How to prosper in a low-margin environment
The asset management industry is facing significant new challenges and active managers need to adapt or risk irrelevance, according to an expert at PwC.
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Ucits cost and regulations criticised
Increasing costs associated with setting up and using Ucits products is helping to make Guernsey a more attractive location to establish funds, according to London-based fund management and advisory company Stratton Street Capital.
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Panama Papers fizzle out in Switzerland
The Swiss regulator has wrapped up its Panama Papers investigation with a slap on the wrist for one Russian bank.
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Mifid II may lead to more fund price differentiation
Europe’s new Mifid II regulations will kill the mistaken notion that all funds cost the same, according to the chief executive of platform operator Nucleus, David Ferguson.
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Industry could be overstating Mifid costs
The trading costs being disclosed by fund managers under Mifid II rules may be overstating the real cost of trading and remain a forecast figure for the next 12 months, a paraplanner has warned.
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Mifid II exposes ‘charging grubiness’ of top 20 UK funds
Some of the biggest names in the UK retail funds sector are charging investors nearly double the published ongoing charges figure (OCF) for their funds, Mifid II regulations have brought to light.
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A market downturn sparked by Mifid?
Could Mifid II be responsible pushing markets into a downward spiral? Perhaps not, but a rule requiring managers to report any 10% fall in a portfolio to clients will do little to discourage the buy high/sell low mentality of the man on the street.
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How prepared is the industry for Mifid II?
After months of talking and planning, Mifid II is finally here, but is the asset management industry ready for the bombshell to land?