AXA IM's Thomas: Regulation is 'stifling entrepreneurship' in asset management

'Will not consume' all currently used research

Nigel Thomas, manager of the £3.3bn AXA Framlington UK Select Opportunities fund, has said the level of regulation facing the asset management industry is "excessive" and "stifling entrepreneurship".

Speaking at Investment Week's Funds to Watch Conference, the veteran fund manager said the amount of regulation has increased significantly throughout his near 40-year career and he believes it is having a negative impact on the sector. He said: "Regulation is stifling entrepreneurship in our industry. It has become excessive. When I started in 1979, we just did not have this as we were self-regulated." AXA IM to launch gender diversity-focused fund for Lamirel Thomas noted the incoming MiFID II regulations, which come into force in January 2018, have meant the group has had to rev...