MiFID II: Kempen to absorb investment research costs
Dutch investment firm Kempen Capital Management has announced its decision of covering external investment research costs by itself as from 2018, in light of the forthcoming implementation of new MiFID II regulation next January.
Therefore the concerned costs will not be passed on the firm’s clients.
MiFID II pushes for more transparency from asset management from specific costs related to external investment research.
Kempen’s CIO Lars Dijkstra said: ‘We welcome any chance to increase transparency and efficiency in the financial sector. Kempen has always invested heavily in both the quality and quantity of our internal research system.
‘This makes us less dependent on external research service providers. Obviously, we will continue to work together in future with a group of selected, high-quality suppliers of investment research services.’