Equities research teams seldom share the limelight with their dealmaking investment banking colleagues who bring in the fees. But new research has shone a light on how to identify the best analysts in an often unheralded industry, which has fallen victim to changing regulation, leaner resources, and a dearth of experienced talent.
“Sell-side analysts are... best-placed to know what is factored into a share price by virtue of their position servicing investors,” said Craig Stafford, the head of research at Barrenjoey Partners. “There has been a ‘juniorisation’ of research departments. You are getting younger analysts coming through that are hopefully mentored,” said Karl Morris, chief executive of Ord Minnett.
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