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Date
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June 26, 2023
Sector,Laws and Regulations

Industry fears ‘suboptimal’ outcome of Mifid review

With a few days to go before crucial EU talks that could lead to major reforms of the Markets in Financial Instruments Directive, known as Mifid, EU asset managers, banks, and brokers are urging policymakers not to succumb to pressure that could lead to …
June 26, 2023
Sector,Supervision

FATF: ‘Luxembourg has a very good idea of what it needs to do’

The world’s top body for the fight against money laundering on Friday said it has found a “high level of technical compliance” with global standards in Luxembourg. The Financial Action Task Force, or FATF still recommended that the Grand Duchy strengthens …
June 22, 2023
Events,Sector,Laws and Regulations

ALFI roadshow in Frankfurt urged to reimagine VUCA

In the face of market volatility, uncertainty, complexity, and ambiguity, a combination popularly referred to as ‘VUCA’, Ingo Mainert, CIO Multi Asset Europe at Allianz Global Investors, urges investors to embrace a fresh interpretation of VUCA: vision, …
June 21, 2023
Sector

‘Investment law needs to clarify suspension policies’

Luxembourg’s parliament needs to make sure that its proposed update for the Grand Duchy’s law on investment funds will provide more clarity on how fund redemptions, and in particular suspensions, are to be treated by its national regulator CSSF, the …
June 21, 2023
Asset Managers,Wealth Managers,Asset Servicing,Investing

Valuation adjustments lead to a lacklustre Raif market 

Fewer new reserved alternative investment funds are being registered in Luxembourg this year as investment managers are more cautious and VC fundraising has declined. Investor appetite appears reduced but has not disappeared. Dry powder is said to remain …
June 20, 2023
Asset Managers,Supervision,Asset Servicing

Naming rules divergence in ETF hubs creates confusion

In Europe's two largest ETF hubs, Luxembourg and Ireland, different rules govern the naming of Exchange Traded Funds (ETFs). While European rules for ETF naming conventions are determined by Paris-based authority ESMA, the implementation by national …
June 20, 2023
Asset Allocation

Allianz CIO: ‘Monetary policy is really starting to bite’

The Federal Reserve's predicted interest rate peak between 5.5% and 5.75% has left many asset managers uncertain about their rate forecasts for the second half of the year. However, Franck Dixmier, the global CIO at Allianz Global Investors, is undeterred …
June 19, 2023
Asset Managers

ALFI appoints Capital Group’s Jean-Marc Goy as new chair

Jean-Marc Goy has been appointed as the new Chairperson of the Association of the Luxembourg Fund Industry (ALFI), the industry body announced on Monday following its annual general meeting. Goy is a board member at Capital Group Luxembourg. Before …
June 19, 2023

Sandro Pierri of BNP Paribas AM elected EFAMA president

During a annual general meeting in Amsterdam on Friday, Sandro Pierri, CEO of BNP Paribas Asset Management, was elected as the President of European fund and asset management association EFAMA for a two-year term until June 2025. Pierri, who has been the …
June 19, 2023
Platforms

LuxSE books €170 mln gain on Fundsquare sale

The Luxembourg Stock Exchange, also known as LuxSE, has booked a one-time gain of 170 million euro on the sale of its data subsidiary Fundsquare, it said following its annual general meeting on Friday. The sale of Fundsquare to FE fundinfo, a London-based …