The UK government should offer the same support to boutique asset managers as is available to other small and medium-sized enterprises (SMEs), including access to financing, and "suitable" regulatory and compliance standards, according to financial thinktank New City Initiative (NCI).
In its paper Boutique Asset Managers: An SME Cluster, released on Thursday (31 May) NCI argued asset management SMEs play an important role in the wider UK economy and should be viewed as a "distinct cohort" within the financial services industry. NCI urges FCA to support 'innovation and entrepreneurialism' in asset management Further, the report calls on the government to allow for better communication with the "cluster", such as including it in conversations with the investment management industry, so it may participate in the various aims of Investment Management Strategy II (IMS I...
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