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Date
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February 3, 2023
Asset Managers

Morningstar Top 5: outflows in 2022; a year to forget 

The year 2022 will go down in the books as a pitch-black year for investors. A cocktail of worrying developments, including a spike in inflation, tightening monetary policy, the economic implications of Russia's invasion of Ukraine, an energy crisis and …
February 2, 2023
Private Banks,Products

With Brigade, UBP expands credit-focused offering

Swiss private bank Union Bancaire Privée, or UBP, has developed a partnership with New York-based Brigade Capital Management to expand its offering of credit-focused investment products. A new fund, U Access (IRL) Brigade Credit Long Short Ucits , …
February 2, 2023
Private Banks

CBP Quilvest buy helps Intesa Sanpaolo reset in Luxembourg

Intesa Sanpaolo Wealth Management has been created as a new Luxembourg private banking hub following the merger of  the Italian bank's troubled Luxembourg unit Fideuram Bank Luxembourg with Compagnie de Banque Privée Quilvest SA, which it took over last …
February 2, 2023
Asset Managers,Investing

Schroders: 2023 can be ‘good vintage’ for private assets

Private assets might have dropped significantly in value since the “good years” of 2020 and 2021, but despite a bad year in 2022, they’re still outperforming public market returns by quite a margin, explained Schroders Capital’s chief investment officer …
February 1, 2023
Technology

EIB issues £50 mln digital bond, first in British pounds

The European Investment Bank has issued its first natively digital bond denominated in British pounds. The EIB raised 50 million with the bond, which has a duration of two years and bears a floating rate of interest. BNP Paribas, HSBC and RBC Capital …
February 1, 2023
Investing

Luxembourg real estate agents screaming murder

Macroeconomic pressure on Luxembourg’s real estate sector has translated into a lower volume of property sales, which is hurting the businesses of those who sell real estate properties – real estate agents. They are now screaming bloody murder.  “The …
February 1, 2023
Opinion

ChatGPT and the world of finance

During my student days in the late 1980s, I was one of the few students who had access to an Apple II computer. A big difference between Apple’s word processor then and the average word processor on a PC was WYSIWYG, acronym for What You See Is What You …
February 1, 2023
Products,Investing

Fidelity’s new €1.5 bln real estate fund seeks a climate impact

While some sources of pollution are more visible, the built environment is regarded a major one that is not. Fidelity International, via Luxembourg, is launching a new climate impact fund leveraging the need for improved performance of existing commercial …
January 31, 2023
Asset Managers

Hamelink CEO at Candriam; Abou-Jaoudé to lead NY Life

New York Life, America’s largest mutual life insurer, has named Naïm Abou-Jaoudé as chief executive officer of New York Life Investment Management.  Vincent Hamelink (photo), Candriam chief investment officer, will succeed Abou-Jaoudé as CEO of Candriam. …
January 31, 2023
News

Luxembourg investment funds lost €831 bln last year

The collective value of Luxembourg investment funds has plunged more than 800 billion euro from record levels reached a year ago as inflation, rising interest rates and the war in Ukraine took their toll on assets domiciled in the grand duchy. At the end …