European asset managers are planning to halve the amount they spend on research, according to a survey by consultancy firm Quinlan & Associates. These pressures have prompted some analysts to move from banking into asset management, according to recruiters and industry insiders. The survey, which was conducted in October and November, found that only one of every 10 funds surveyed planned to increase their research spending over the next 12 months. " European regulations have forced firms to provide clear budgets for research, prompting many banks and asset management companies to question their spending.
European asset managers are planning to halve the amount they spend on research, according to a survey by consultancy firm Quinlan & Associates. The survey, which was conducted in October and November, found that only one of every 10 funds surveyed planned to increase their research spending over the next 12 months. " European regulations have forced firms to provide clear budgets for research, prompting many banks and asset management companies to question their spending.