What fund managers want research

They throw 80% of research straight into the bin; regard sell-side analysts as reactive and herdlike; and suggest that brokers see small hedge funds as being more valuable clients than major asset managers. So is there anything about brokers’ research that fund managers actually like? A panel of investors give their views. By Graham Field.

To discover what investors really think of sell-side research, Global Investor gathered together a panel of leading fund managers to air their views on specific questions related to the quality of brokers’ research in Europe.

A number of large houses with extensive in-house research capability – such as Fidelity and Putnam – declined to take part on the grounds that they do not use outside research.

Those who agreed come from a mixture of houses, positions, traditions and experience.

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