2804 results for ""
Date
|
May 2, 2023
Sector

ECB seen hiking 25 bp as policy impact becomes clear

A fresh flash estimate for inflation in the 20 eurozone countries and the latest ECB bank lending data shows that higher interest rates are slowing down economic growth in Europe, fuelling expectations among fixed income analysts and economists of a …
May 2, 2023
Private Banks

Banque Havilland sells custody unit in private banking refocus

Banque Havilland, a Luxembourg private bank owned by British property developer David John Rowland, has sold its depository and custody business for an undisclosed amount to Spain’s Banco Inversis as part of a new strategy in which it fully focuses on …
May 2, 2023
Asset Managers,Investing

Blackstone fund accepts less than one third of redemptions

The Blackstone Real Estate Income Trust, one of the world’s largest property investment funds, in April accepted 29 per cent of 4.5 billion dollars worth in redemption requests. The fund told investors on Monday that it decided to fulfil 1.3 billion, less …
May 2, 2023
News,Laws and Regulations

Luxembourg to modernise fund laws under Bill 8183

Luxembourg is set to modernise its legislation for investment funds under a proposal that will first be discussed later this week in the grand duchy’s parliament. The bill seeks to improve the various structuring options for investment funds.  The …
May 1, 2023
Investing,Opinion

Chart of the week: a recession looming?

A recession is what usually concerns many investors, and economists. But exactly how they estimate the probability of a recession is often unclear to me. And sometimes not much of the "approach" is correct either. Given the significant potential impact on …
April 28, 2023
Asset Managers

‘Unfavourable evolution’ in markets hurts income at Amundi

First-quarter net income at Amundi, Europe’s largest asset manager, fell 7.5 percent to 300 million euro when compared to the same period last year, “in line with the unfavourable evolution of the market,” the company said on Friday. The firm nevertheless …
April 28, 2023
Private Banks,News,Sector

Luxembourg banks brace for economic downturn

Grand Duchy banks are taking action to prepare for an economic downturn, according to bank sector association ABBL.  At its annual general meeting on Thursday, the organisation noted that rising interest rates and geopolitical uncertainty have caused …
April 28, 2023
Wealth Managers,Investing

At least 20 new Luxembourg Eltif funds expected this year

Lawyers in Luxembourg expect that at least 20 new European long-term investment funds, known as Eltifs, will be registered in the grand duchy this year, even before the more liberal regulatory regime for these funds enters into force in 2024, researchers …
April 27, 2023
Asset Managers

Green Deal: SFDR struggles to encourage sustainable investing

The European Union is taking a major step forward with its Green Deal initiative, and investors are now being encouraged to invest green faster. The Sustainable Finance Disclosure Regulation (SFDR) has been designed to play an important role in this …
April 27, 2023
News,Wealth Managers,Investing

Luxembourg to encourage Eltif uptake with tax exemption

Luxembourg’s finance minister has tabled a proposal to the grand duchy’s parliament to encourage the uptake of European long-term investment funds known as Eltifs. If adopted, the proposal will exempt Eltifs from requiring to pay the quarterly …