Buy-side firms are expected to cut the amount of money they allocate to brokerage research by 24% over the next two years, according to a recent report by financial services consultancy Tabb Group.
The amount spent on brokerage research by buy-side firms in the US and the UK is expected to fall from $5.6 billion in 2006 to $4.25 billion in 2008. Spending on independent research in the same period, by contrast, is expected to rise from $1.49
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