Source: www.breakingviews.com is Europe’s leading financial commentary service
Date: July 2003
By Christopher Hughes
For decades, equity analysts at bulge-bracket banks have been paid large salaries to produce more research than anyone ever really needed. But the cross-subsidies that supported them are now facing abolition in the UK. You don’t need to be a top-rated analyst to see what this means. The salaries of an awful lot of number crunchers will be coming down.
The investment management industry hugely appreciates equity research.
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