FX Transaction Cost Analysis defined by European Regulators

Foreign Exchange Transaction Cost Analysis (TCA) has historically been an ill-defined topic, with suppliers offering subjective interpretations according to their own goals.  In addition, many asset managers have apparently felt that TCA is unnecessary.  This is...

What Your Benchmark Won’t Tell You.

The Investment Association has recently drawn attention to the question of implicit, or hidden fees in asset management.  The IA’s report, Investment Costs and Performance: Empirical Evidence of UK Fund Industry Delivery was dismissive of hidden fees, suggesting that...