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February 14, 2023
Asset Managers,Products

Pictet launches Article 9 fund in regenerative economy

Pictet Asset Management has announced the launch of Pictet-ReGeneration, a Luxembourg-domiciled concentrated global equity fund investing in companies aiding the transition to a regenerative economy. The fund is the latest addition to Pictet AM’s Thematic …
February 14, 2023
Transfers,Asset Servicing

EFA boosts Nordic presence with Kumlin as country head

EFA, the asset services unit of Frankfurt-based management company Universal Investment, on Tuesday said it has strengthened its presence in the Nordic countries by appointing Pia Kumlin as country head. Kumlin joins from Swedbank and will be based in …
February 14, 2023
Asset Servicing

How billions leak from institutional investors

Institutional investors every year miss out millions of euros because they do not recover  withholding tax paid abroad. The reason: suboptimal communication and cooperation between institutional investors and a "custodian" that does not or not always …
February 13, 2023
Transfers,Asset Servicing

Croituru, Poret join Crestbridge from Apex, Ocorian

Teodora Croitoru has joined Crestbridge as head of compliance, fund services, while Emmanuelle Poret has taken on the role of head of client onboarding, fund services & ManCo. “We are continuing to see significant demand for expertise and support across …
February 13, 2023
Asset Managers

Dubost to lead DWS Luxembourg, Jonk heads Dutch, Belgium units

DWS, the asset management arm of Deutsche Bank, on Monday said that Olivier Dubost de Cadalvène, currently head of DWS in France, Middle East & Africa, has taken up the additional responsibility for Luxembourg. The appointment coincides with the …
February 13, 2023
Laws and Regulations

Kickbacks fight returns as EU retail investment debate looms

Luxembourg’s permissive environment for inducements and an acceptance of non-independent investment advice will make a good test case for the EU’s upcoming retail investment strategy. A fight is brewing over “kickbacks” as the European Commission …
February 13, 2023
Products,Asset Servicing

21 new Luxembourg Raifs registered during January

Some 21 new Reserved Alternative Investment Funds, or Raifs, were registered at the Luxembourg Business Register during January, according to information made public at the end of the month. The following funds have been registered: NAME MANAGEMENT …
February 12, 2023
Investing,Opinion

Chart of the week: Red-hot

The US economy created more than half a million jobs in January. That was almost three (!) times more than expected. Most importantly, such a job growth figure does not fit with a coming recession, but neither does it fit with a much hoped-for soft …
February 10, 2023
Transfers,Asset Servicing

Peter Corry joins Ocorian as head of global funds

Jersey-headquartered funds services and solutions provider Ocorian has appointed Peter Corry as head of global funds in Luxembourg as it continues to strategically grow and enhance its service to international fund managers. Corry joins from IQ-EQ where …
February 10, 2023
Asset Managers,Asset Allocation

iShares: bond ETF market can grow to $5,000 billion

Index products have seen significant inflows at the expense of active products, reflecting increasing interest from both institutional and retail investors. The outlook for Europe remains positive in the coming years. Bond ETFs in particular still have …