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Date
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January 23, 2023
Asset Servicing

Apex buys Bank of America’s Irish depositary business

Apex Group on Monday said it plans to acquire the Irish depositary business of Bank of America Custodial Services (Ireland) Limited, also known as Bacsil, through European Depositary Bank, one of its Luxembourg-based subsidiaries. Bacsil is a depositary …
January 23, 2023
Opinion,Investing

Alternatives boost institutional funds, UI data shows

Concerns about global geopolitical tensions and persistent inflation coupled with the threat of a weakening economy leave little space for optimism among institutional investors. Markets in turmoil make finding pockets of opportunity and generating …
January 23, 2023
Asset Allocation,Products

Top 5: Candriam leads EM local currency bond funds

For this week's Morningstar Top 5, we look at the best-performing funds investing in emerging market local currency bonds. These funds ended 2022 with a loss of 9.9 per cent, measured in dollars, or 4 per cent in euros. The outlook for this risky asset …
January 23, 2023
Opinion

Chart of the Week: Risk premiums back to normal?

A post recently appeared on my Bloomberg timeline that headlined: ‘BoE’s Bailey Says Truss Risk Premium on UK Assets is Gone’. Being overweight in some UK assets, I wondered what Bailey bases this on. So I look at some asset classes that were hit hardest …
January 20, 2023
Investing

Blackstone sets record with $22.2 billion secondary fund

New York-based Blackstone, also present in Luxembourg as a CSSF-regulated AIFM, has raised a record 22.2 billion dollars in commitments for its Strategic Partners IX fund, one of two such vehicles in its inaugural continuation fund strategy under the …
January 20, 2023
Investing

China could be climbing out of the rabbit hole

China celebrates New Year on Sunday, marking the start of the year of the rabbit, a symbol for longevity, peace, prosperity and hope in Chinese culture. The year could provide some interesting investment opportunities, China specialists at Comgest and …
January 20, 2023
Asset Managers,Wealth Managers,Investing

Luxembourg has high hopes for Eltif 2.0 framework

Luxembourg’s fund industry has high hopes for Eltif 2.0, the revised European regime for long-term investment funds that is set to be approved next month. Thanks to the updated rules, products like private funds can be targeted directly at retail …
January 19, 2023
Technology,Asset Servicing

Swissquote gets depositary license for digital asset funds

Swissquote Bank Europe has become the first Luxembourg bank to be able to offer depositary services to digital asset investment funds, having obtained CSSF regulatory approval to act as a depositary bank for Luxembourg-domiciled funds along with its …
January 19, 2023
Sector

Banks contribute most to Luxembourg’s economy

So which part of the financial services sector in Luxembourg contributes most in terms of added value to the grand duchy’s economy? It’s the banks, not the investment funds, says a new study published this week by Luxembourg For Finance and Deloitte. In …
January 19, 2023
Laws and Regulations

EU regulation in 2023: AIFMD, Mifid 2, retail investors, ESG

When it comes to EU financial regulation it won’t surprise anyone to hear that more is in store for the year ahead. Investment Officer looks ahead together with Vincent Ingham, director of regulatory policy at the European Fund and Asset Management …