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Article: Fund Firms Bulk Up Research Teams: As Soft Dollars Shrivel, Internal Research Expands.(fund management report )
- Article from:
- Money Management Executive
- Article date:
- March 13, 2006
- Author:
CopyrightCOPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As the soft dollar squeeze forces fund companies to show exactly how they spend their commission fees, they are increasingly relying on in-house research, according to a recent report by Integrity Research Associates.
"Are you going to pay for external research that you can't control, or internal research, which you can control?" said Michael Mayhew, chief executive officer of the Darien, Conn.-based research and ratings company.
Scrutiny of soft dollars by regulators and investors alike following the mutual fund trading and sales practices scandals, coupled with the earlier investment banking research scandal, has some industry insiders betting on the ...