Hedge Funds Turn To Research Platform
The stream of managers signing up to RSRCHXchange’s service has grown strongly, with over 100 smaller funds onboarded during the summer months and many more in the pipeline. As more funds look to the world beyond MiFID II and their research requirements, the RSRCHX marketplace is providing a popular way for emerging managers to procure and manage their research.
The RSRCHX platform offers asset managers access to institutional research from a variety of sources, ranging from the biggest global banks and brokers, to smaller independent houses and local brokers. Furthermore, RSRCHX enables firm-wide tracking of research consumption in line with MiFID II requirements.
Sean Capstick, GPP’s Head of Prime Brokerage, commented, “As the leading provider of prime brokerage services to the small and mid-sized hedge fund, we are constantly looking for ways to improve the service we offer our clients in an optimal way for the regulatory climate. Many smaller hedge funds would like access top-quality research in an effective, MiFID II-compliant solution. We facilitate this ultimate research unbundling solution through a quick, unique and streamlined onboarding process.”
Jeremy Davies, Co-Founder of RSRCHXchange, added, “Our partnership with GPP is a great example of how a research platform can help solve the regulatory burden of research provision for their clients in a post-MiFID II world. Our partnership will help GPP’s clients purchase and monitor research services from banks, brokers & boutique providers in a more efficient, compliant and transparent way. It’s encouraging to see that so many emerging managers are signing up to our RSRCHX platform ahead of the MiFID II deadline in January 2018.”
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Grossman was formerly CEO of Barclays Global Investors.