Breakfast Briefing : How to Profit from Cutting your Spend on Research

As lead sponsor Mereus is delighted to invite you to COO Connect's forthcoming Breakfast Briefing : What paying attention to the sourcing and cost of research can do for you : lift investment performance, cut trading costs and trim IT expenditure.

Breakfast Briefing October 18,  Central London - Register Here

Spending trading commissions on research may look like a free lunch. It isn’t. Client money spent on research is a direct tax on investment performance. Research that isn’t read – and most of it isn’t - benefits nobody but the broker. And storing unread research is surprisingly expensive. Worst of all, regulators want to know how much and how you are spending your clients’ money on research.

So come to our briefing and find out how you can delight your investors, cut costs and satisfy your regulator without disappointing your portfolio managers – simply by managing the sourcing and cost of research in a smarter way. 

The FCA wants to know how your firm manages, monitors and measures the spending of client monies on research. How will your firm fare in a compliance check?

We have invited a group of end-investors to participate in a breakfast panel discussion - which will also include fund managers - to explain how they would like to see funds purchase and manage research.

Date : Friday 18 October 2013

Registration and breakfast : 8:00am to 8:45am
Panel discussion : 8:45am to 10:30am / 11:00am
Location : The Cavendish Hotel, 81 Jermyn Street, St James's, London, SW1Y 6JF (nearest tube station: Green Park or Piccadilly Circus)
Attendance restricted to end-investors and fund management companies only.
Only 50 delegate places available :
Panellists :
The discussion will be moderated by Dominic Hobson. Dominic is founder of COOConnect and editorial director of My Investor  circle. 

David Fletcher is partner, CEO & chairman at Odey Asset Management.

Lee Robinson is founder and CIO of Altana Wealth. He is also the portfolio manager of the Altana Distressed Assets Fund. 

Neil Scarth is principal at Frost Consulting.

Alan Miller is founder of SCM Private.

Background :

In November 2012 the Financial Services Authority (FSA), the then United Kingdom regulator, wrote to all CEOs of major fund management companies in London and asked them to explain how they manage conflicts of interest with their clients, including the expenditure of client trading commissions on research.

By February of this year, as demanded by the FSA, all the leading fund managers had acknowledged to the regulator that they had put in place processes and procedures to manage the expenditure on trading commissions belonging to their clients. However, research by COOConnect suggests that few fund managers have fully grasped the import of the Dear CEO letter from the FSA.

A recent poll of managers by COOConnect on a list of measures that ought to be taken to comply with the FSA demands found that only one manager in three had taken at least one measure, and the remaining two thirds had taken no steps at all. The full findings of the poll are available to COOConnect members, membership of COOConnect is free to fund managers and investors.

Come and find out what you should be doing, what investors would like you to do, and what your peers are doing (or not doing) already.

Register here for the event.

Who should attend?

- Investors
- COOs
- CIOs
- CSA administrators
- Heads of Trading
Please contact James Blanche with any questions concerning this event.
Telephone: +44 (0)7769 277 927

Measure research usage and renegotiate your trading commission fees or source research in a smarter way.



Only 50 places available



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