What comes next after the Mifid II ‘reverse ferret’ on research
Receive free On Wall Street updatesWe’ll send you a myFT Daily Digest email rounding up the latest On Wall Street news every morning.Decades ago when I was a sellside analyst in the City of London doing the rounds of my firm’s fund management clients, I would regularly ask them a simple question: what did they want in research?The answer back then was: every conceivable option. The fund managers’ desks were often overflowing with mounting stacks of unread research and their phones besieged by brokers brimming with ideas. But the investors...
