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Date
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March 17, 2023
Investing

Lack of liquidity not seen as show-stopper for Eltif 2.0

Luxembourg is strongly enthusiastic about the prospects of the new Eltif 2.0 regime as experts here point to untapped demand for such a product in Europe. While acknowledging the oft-mentioned concerns about the lack of liquidity for retail investors, …
March 17, 2023
Asset Allocation

Top 5: UBS gold mine tracker leads precious metals funds

In a turbulent year like 2022, investors needed refuge, which was almost nowhere to find. Investments in oil showed outstanding performance, as one of the few areas in the financial markets. And then there were precious metals. Not all metals performed …
March 16, 2023
News

ECB unsure about next steps after hiking 300bps since July

After 300 basis points in six subsequent rate hikes since last July, the European Central Bank on Thursday stopped talking about further increases in eurozone interest rates. The ECB is unsure about its next steps now the effects of higher rates are being …
March 16, 2023
Asset Servicing,Investing

Apex to service NewVest PE 50 private equity blockchain fund

Financial service provider Apex Group on Thursday said it has been appointed by NewVest to provide administration services for the firm’s inaugural Private Equity 50 Index Fund, also known as PE 50, which is backed up by a blockchain.  NewVest is an …
March 16, 2023
Asset Managers,Asset Allocation

Pension funds see losses in real estate portfolios

Dutch pension funds, a major category of investors in global markets and clients to many Luxembourg real estate funds, last year suffered losses on their real estate investments after many years of rising values. Their investments in real estate funds, …
March 16, 2023
Sector,Supervision

Credit Suisse wants to become ‘smaller, more focused bank’

Negative global market sentiment against Swiss bank Credit Suisse meant Europe's banking sector was under fire again on Wednesday, leading up to a evening statement by Swiss supervisors saying that they will commit liquidity to the bank.  The bank then …
March 15, 2023
Asset Managers

Luxembourg Ucits now dominant in Belgium

Luxembourg-domiciled Ucits investment funds for retail investors have become the most widely used funds in the Belgian market, the head of Belgian asset management association Beama said on Wednesday. Presenting an overview of the state of the Belgian …
March 15, 2023
Supervision

Bank supervisor Claude Wampach: ‘The market is always right’

Now that the initial dust on SVB’s collapse has settled, one of Europe’s top bank supervisors has a clear message for investors, bankers and financial market participants: banks in Luxembourg and elsewhere in Europe are safe and sound thanks to stringent …
March 14, 2023
Sector,Investing

Amundi on US bank crisis: ‘This is not a systemic risk’

Europe’s biggest asset manager Amundi on Tuesday said it does not believe that the collapse of Silicon Valley Bank and the ensuing US banking crisis is an event that poses a systemic threat. In a note to investors, Amundi’s top investment team, including …
March 14, 2023
Private Banks,Investing

Laurent Cooreman takes the helm at BIL’s Belair House

Laurent Cooreman on Monday was appointed as chief executive officer at Belair House, the real-estate focused family office unit of Banque Internationale à Luxembourg, also known as BIL. Cooreman joins from CBRE Luxembourg, where he held the position of …