The best possible outcome...
Whether trading on exchanges or outside their boundaries, managers will find themselves compelled by the Markets in Financial Instruments Directive to ensure they are measuring, achieving and monitoring 'best execution.' But London lawyers counsel clients to take an elegant approach when drafting policies around best execution, as David Walker explains
Hedge fund managers should consider taking a varied approach when compiling best execution policies, as they must under a major European Union directive which takes effect on 1 November, according to leading London hedge fund lawyers.
Sean Donovan-Smith, associate at Katten Muchin Rosenman Cornish, told delegates at a recent legal briefing, that under the Markets in Financial Instruments Directive (MiFID), hedge fund managers will need to ensure they obtain best execution for "professional
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