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January 26, 2023

AIFM directors concerned over greenwashing risks

Boards of AIFMs, Alternative Investment Fund Managers, in Luxembourg are “heavily concerned” over potential greenwashing, a survey conducted by PWC Luxembourg on behalf of the Luxembourg corporate governance institute ILA said.  The survey pointed to …
January 25, 2023
Asset Managers,Supervision

CSSF fines Pemberton for ‘failures’ under AIFM law

Luxembourg’s financial supervisor CSSF has levied a 22,100 euro fine against alternative investment fund manager Pemberton Asset Management SA after a 2020 inspection found  “failures” in risk management, organisational requirements and supervising …
January 25, 2023
Transfers

Britta Borneff named director of communications at Alfi

Britta Borneff, a former managing director at Fuchs Asset Management, has been appointed as the new director of events, communications and business development at the Association of the Luxembourg Fund Industry, Alfi.  Borneff’s professional career in …
January 25, 2023
Transfers

Lazard names Alexandre Schmitz to Luxembourg unit

Senior private banker Alexandre Schmitz has left Degroof Petercam Luxembourg to join the Luxembourg operation of Lazard Frères Gestion, a French asset management firm which has offered wealth management services in Luxembourg since 2021. Schmitz will join …
January 25, 2023
Investing

Two thirds of ETF inflows target the sustainable variety

Of the European assets flowing into ETFs last year, a higher proportion went to trackers with ESG labels than trackers without that sustainability feature. Sustainable fixed income ETFs were particularly popular in Europe. This is according to Amundi …
January 25, 2023
Investing

Luxembourg seems immune to housing market downturn

Luxembourg’s reputation for excessive house prices is facing macroeconomic clouds looming over European and international housing markets. However, several country-specific factors will likely minimise the price drops seen in other markets, including tax …
January 25, 2023
Asset Managers

ECB: Banks lead financing of carbon-intensive activities

Banks, not investment funds, are responsible for financing the most carbon-intensive activities, the European Central Bank has concluded on the basis of experimental new indicators for sustainable finance. “The companies they finance produce relatively …
January 24, 2023
Technology

New regulation offers salvation to crypto hopes

High hopes for crypto’s ability to revolutionise the financial world were dealt a harsh reality check with the collapse of the FTX cryptocurrency exchange last year. With Luxembourg having early on placed a bet on crypto, some have suggested it could …
January 24, 2023
Asset Managers

Marguerite plans €60 mln in solar investments

European infrastructure investment firm Marguerite has announced the launch of a platform allowing investors to put their money towards building large-scale photovoltaic solar projects. The firm, based in Luxembourg and Paris, also announced its plans to …
January 23, 2023
Investing

Alternatives inflows rebound, buoyed by Luxembourg

Inflows into alternative investment funds in Europe rebounded in November when compared to massive outflows during October, as inflows for Ucits funds fell significantly, according to data released by the European Fund and Asset Management Association, or …