Private markets boom sparks sharp rise in data fees

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Some asset managers, hedge funds and banks are paying significantly more than their peers for identical products and services offered by the same providersPhoto: Bloomberg/Getty Images

Rapid growth across private markets has sparked a sharp increase in the fees that some specialist data vendors are charging their financial services clients, with contract prices soaring by as much as 40%.

According to a study by Substantive Research, data vendors are increasingly adopting a “take it or leave it” approach to contract negotiations.