Research reveals 'boutique premium' within European asset management

'Important part of the industry'

European boutique asset managers have been found to outperform their larger rivals by as much as 0.56% per annum on average, a study has revealed.

Research from Cass Business School Asset Management shows there to be a 'boutique premium' in the European fund management industry of 0.56% and 0.23% net of fees, depending on which methodology is used. The outperformance was particularly pronounced within the European small- and mid-cap and global emerging markets fund sectors, with a net-of-fees boutique premium of 1% and 0.5% respectively. The struggle to survive: Asset management M&A set to pick up Professor Andrew Clare, who undertook the research, which is thought to be the first of its kind, said the results "provide enough...