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Date
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March 3, 2023
Investing

BLI’s Wagner sees rates go up amid firm consumption

The Federal Reserve and the European Central Bank will continue to hike their interest rates this month among broad and persistent signs of strong consumption and the “resilient nature” of economic activity, Guy Wagner, chief investment officer at BLI - …
March 3, 2023
Sector,Supervision

CSSF fines Degroof Petercam €1.56 mln for ‘deficiencies’

Financial supervisor CSSF has issued a fine of 1.56 million euros to the Luxembourg unit of Belgian bank Degroof Petercam after it found the firm to be in “non-compliance with its professional obligations” in regards to anti-money laundering measures. The …
March 3, 2023
Products

Strong inflows for water funds reflect growing interest

Investment themes come and go, but investing in water has stood the test of time. Water can be central to many of the sustainability challenges facing the world. Investors seem to increasingly recognise this in recent years, creating a strong inflow of …
March 3, 2023

Short the villain! ESG short-selling is unexplored territory

For those looking to make an impact investment without the pain of market corrections, the solution can be simple: Buy the best-in-class, short the villains, and keep the portfolio neutral.  Earlier this month, the European Securities and Markets …
March 2, 2023
Asset Managers

Report: Macquarie plans takeover bid for M&G

Australian financial giant Macquarie is considering a bid worth more than 5 billion pounds (5.6 billion euro) for UK-headquartered fund manager and insurer M&G, which runs its non-UK European business from Luxembourg. The Australian firm, which operates …
March 2, 2023
Investing

Private impact investing remains largely a British party

Interest in renewables is playing into the hands of alternative investment funds. Listed closed-end impact funds continue to invest in new energy projects, and investor inflows are following suit. Yet for now it is mainly British investors who recognise …
March 2, 2023
Supervision

Lack of qualified staff leads to higher cybersecurity risk

The announcement that some 500 Microsoft Exchange servers “need immediate attention”, issued by Luxembourg’s cybersecurity agencies last week, was echoed by financial regulator the CSSF just before last weekend. The head of Luxembourg’s agency covering …
March 1, 2023
Wealth Managers,Investing

Schroders’ first Eltif assigned Article 8 status under SFDR

Schroders Capital on Wednesday said it has launched its first European Long-Term Investment Fund, or Eltif. The fund is called the Schroders Capital Private Equity Eltif 2023 and is classified as a ‘green’ Article 8 under the EU Sustainable Finance …
March 1, 2023
Transfers

Deloitte’s Guionnet joins PwC Luxembourg as partner

PwC Luxembourg has named Baptiste Guionnet as partner. Guionnet will support CEOs, CFOs and other C-level executives on all financial, performance and transformation matters of the finance function. Until recently he served as partner at Deloitte …
March 1, 2023
Transfers

Stephan Schilken joins IntReal as managing director

IntReal Luxembourg SA, a subsidiary of property-focused third-party AIF manager IntReal, has added Stephan Schilken, 48, to its management team as a managing director. He will serve in the position of conducting officer and brings to the job decades of …