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Yellowstone Advisory provided valuable input into the interim results announcement and presentation, helping to ensure the investment messaging was consistent throughout the documents. Great relationships and credibility with investors enables them to solicit useful feedback which we have used in developing our future investor messaging.
Conclusion: Research budgets will remain under pressure in 2017 and 2018, with less research published by investment banks. Companies must face up to this issue and consider ways to help themselves.
Jupiter Asset Management's decision to absorb £5m of research payments through its own P&L in 2017 has not really garnered much attention from the financial press. The main focus, for those that have commented, is that Jupiter has decided to pay these costs rather
Heartwood Partners has been discussing the impacts of MIFID II with a number of buy and sell side contacts. One issue that is occupying a great deal of thought on both sides is what research fund managers will be forced to pay for and what will they actually pay for. I can't condense down all the issues but here is one that I have trouble reconciling: consuming vs Browsing. The Book Shop conundrum
Before I jump straight into the issue I want to set the scene using an analogy