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Latest industry news and stories provided by IntegrityResearch.| Page: 1 of 13 (123 Records) | << Prev Next >> |
10 June 2010
Where have all the commissions gone?
Greenwich Associates released their latest U.S. Equity Investors Study and the report shows that commissions paid to brokerages are down about 13% from this time last year.01 April 2009
Primary Insight executes a management buy-out
After several months of suspense, Primary insight-a former Bear Stearns expert network offering-announced a management buyout of the firm, by David DeRose and Leighton Thomas. JP Morgan will maintain a minority stake in the firm and the Hidary Group will be a majority owner.02 March 2009
Are Large Buy-Side Research Departments Justifiable?
In recent years, commentators, journalists, and analysts have agreed that most institutional investors don’t value sell-side research as much as they used to. In fact, the argument goes that the buy-side’s increased hiring of analysts in recent years has been a reflection of this reduced reliance on the sell-side and an increased reliance on their internal own research capabilities.09 February 2009
Financial Markets To Face Increased Regulations
Say what you will about the efficacy of government regulation over the past eight years, at least the markets understood how to work with various bodies like the FDIC, SEC or CFTC. However, it is clear that under the new Obama administration, investment banks, mutual funds and hedge funds are heading into uncharted waters in their dealings with Washington.The subprime mortgage debacle, the resulting credit crisis, plunging global equity markets, and most recently, the Bernard Madoff scandal have all had a significant negative impact on investor trust in banks, brokerage firms, mutual funds, and hedge funds.05 November 2008
Soleil Adds New Indie Research Providers
Last week, Soleil Securities Corporation, a New-York based provider of third-party equity research and execution services, announced that it has added two new research providers to the firm’s platform, including Nikolay Tishchenko and his research firm, Analytical Investments, and Christina Woo and her research firm, StreetScape Research. A few weeks earlier, Soleil added A.J.Rice and Chris Rigg of Pomeroy Research, LLC to the platform.13 October 2008
Emerging Trends in Investment Research
The Government takeover of FNMA and FHLMC, the bailout of AIG, the failure of Bear Stearns and Lehman Brothers, the sale of Merrill Lynch to Bank of America, and the 40% plunge seen in the stock market in recent weeks is likely to have a profound and long lasting impact on the entire financial services industry –including the investment research business. At times like these, we can look at all we have lost and mourn, or we can try to look ahead to see how the markets might change and how we might take advantage of the shifts that are likely to take place.13 August 2008
The Gloom Boom
Bear markets are a stressful time for most research providers as commissions decline and budgets are cut. However, there are a few types of research that thrive during market declines, particularly forensic accounting and short ideas providers. Used to generate sell recommendations, these providers thrive during market turmoil.20 July 2008
CSAs Cause Pain for Some
It is clear that many buy-side firms love the flexibility that Commission Sharing Agreements (CSAs) and Client Commission Arrangements (CCAs) bring them. These firms explain that using CSAs or CCAs enables them to trade with the best executing partners, while separately paying the firms that provide them with the best research. However, not everyone is rejoicing over the increased adoption of CSAs and CCAs. In fact, a number of brokers have found that clients’ use of CSAs and CCAs has hurt their business in a variety of ways.24 April 2008
The Bear Facts about Alternative Research
One of the areas that Integrity seeks to address is the demand and supply function of research as it pertains to the investment process. In our Equity Research Industry Outlook, we tabulate all of the data and forecast the revenue picture for the Sell-side, Buy-side and alternative research industries. Given that the Global Research Settlement will expire relatively soon and the credit crunch has sell-side budgets getting squeezed, the outlook for the industry as a whole and the shares of each of the research suppliers is particularly uncertain. Specifically, the Global Research Settlement is related to the demand side of the research business and the credit crunch is certain to affect the supply side of the research equilibrium.03 March 2008