Direct payments to commence on MiFID II implementation
Majedie Asset Management (“Majedie”), the investment boutique, today announced that it will pay directly for external research used by its Investment Team from 3 January 2018, when the EU’s second Markets in Financial Instruments Directive (“MiFID II”) applies.
Majedie’s external research spend is currently running at approximately £3 million per annum.
Commenting on today’s news, Rob Harris, CEO of Majedie, said:
“Majedie’s active investment approach has always been underpinned by our own proprietary research, and we remain committed to investing in our internal capabilities. Supplementing this work, we continue to value access to selected research from external providers. We believe this decision serves the best interests of our clients.”
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