02 Dec 2016
Little Value in Sell-Side Research, Managers Say

…”While demand for access to investment recommendations remains strong,” the authors write, “the delivery and consumption of these recommendations is undergoing a radical transformation.” Radical enough to shock experts: Beattie tells Institutional Investor she was surprised by how little buy-side firms said they value research from the sell side. More and more, she says, the buy side is conducting in-house research and looking to the sell side for a “set of cumulative ideas” to cross-check its own views against…