How much do fund managers depend on outside equity research firms
I'm an undergrad sophomore in NY;
I wanna build a career in investment finance. I wanna ask you all, how much do fund managers(hedge/mutual etc) depend on equity research from outside firms.
How big is the equity research market. Do these fund managers buy research from these firms,like sell side analysts and/or brokers?
I wanna chart a path for my career and need help.