As Passive Investing Grows Bloomberg Terminal Suffers

It seems passive investing is even starting to hit the likes of the Bloomberg Terminal , which according to the  Financial Times and research by Burton-Taylor International saw the number of its Bloomberg terminals drop by 3,145 in 2016, only the second time in history such a drop has been recorded. Morgan Stanley predicts that Bloomberg Terminal revenue could decline by billions over the next few years. The shift away from active management and high cost hedge funds, combined with new European regulatory requirements that require banks to charge for trading commissions and equity research separately seems to be behind this…