With immaculate timing, last Monday saw the New City Initiative thinktank call for the Financial Conduct Authority (FCA) to pay closer attention to smaller firms - hours before the regulator suggested it would do just that as part of a restructure.
New start-ups, the NCI said, “cannot support the financial cost resulting from increasing regulation”. Boutique businesses may be booming, according to the Investment Management Association’s latest annual study of the asset management industry, but getting off the ground in the first place is an increasing struggle, according to the thinktank. However, Sanditon Asset Management CEO Rupert Tyer takes a slightly different view. He believes the issue has been overplayed, and told Investment Week last month there are now many more companies to whom small asset managers can outsource rel...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes