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Date
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November 29, 2022
Laws and Regulations

EU court ruling leaves future of UBO registers undecided

Public registers in Luxembourg, the Netherlands, Austria as well as other EU countries set up under EU laws to fight money-laundering and tax evasion remain temporarily closed as legal specialists agreed that the ruling effectively shut down a key aspect …
November 28, 2022
Asset Managers,Laws and Regulations

CSRD: Industry left ‘to pick up ESG data pieces,’ says Efama

Following in the footsteps of the European Parliament earlier this month, the Council of the EU on Monday finalised the legislative process by adopting the Corporate Sustainability Reporting Directive, known as CSRD. Efama, the trade association for …
November 28, 2022
News,Asset Servicing

Depositary, custodian services ‘heavily concentrated’

Markets for depositary and custodian banking services in Luxembourg are “heavily concentrated”, with the top ten banks holding more than three quarters of all assets, the first ever survey on depositary and custodian services in the grand duchy shows. At …
November 28, 2022
Opinion

In Flux: Where there’s smoke…

Luxembourg last week was buzzing with speculation and market talk. A major deal was said to be in the making that could change the international leadership tables among Alternative Investment Fund Managers, AIFMs. “Is your firm going to be bought?”  The …
November 28, 2022
Investing

Continuation funds bring alternative option for PE exits

Typically, when a private equity fund approaches its contractual culmination point, it will seek to sell its assets, but this may not be possible or desirable at that moment. Establishing a continuation fund is an alternative, Laurent Capolaghi, partner …
November 25, 2022
Products

Top five energy funds: BGF World, NN Energy stand out

Among the top five actively managed mutual funds in the energy sector that are tracked by Morningstar, the BGF World Energy and NN (L) Energy funds stand out as top performers when considering the year-to-date performance of this type of funds. Black gold …
November 25, 2022
Investing

Digital platforms embrace private assets enthusiasm

The spread of web-based platforms has reached into the rarefied atmosphere of private equity, which has historically been paper-based and face-to-face in-person meeting with one’s investment adviser. This is taking place against an industry-wide drive to …
November 24, 2022
Supervision

New ESG product rules under Mifid2 take effect

A new set of rules - part of an update to the EU’s Mifid 2 directive - took effect in Luxembourg on Tuesday that will set out how banks and asset managers are required to handle their investment products in terms of Environmental, Social and Governance. …
November 23, 2022
Sector,Laws and Regulations

CSSF’s Marx: Efficiency focus also in interests of investors

Financial regulators across the European Union next year will embark on a comprehensive review of costs that investment firms charge for their funds. Claude Marx, director general of Luxembourg financial supervisor CSSF, on Wednesday elaborated on some of …
November 23, 2022
Events,Investing

Net-zero: ‘Private asset managers are privileged’

When it comes to enhancing the economic value chain in terms of sustainability, net-zero and financing the energy transition, the private assets sector is well positioned as an actor that can help deliver the changes that are needed to keep growth …