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February 17, 2023
Asset Allocation,Investing

Top 5: GMO Climate Select leads inflows into Article 9

The Sustainable Finance Disclosure Regulation marks its second anniversary next month. Although it was quickly adopted as a sustainability label, its actual purpose was to provide a framework for communicating the extent to which sustainability plays a …
February 17, 2023

Private assets growth pushes up KPMG revenue 8% in 2022

KPMG Luxembourg on Thursday said its revenue increased a steady 8 percent last year, buoyed by a “significant” market growth in private assets. The firm reported revenues of 276 million euro for last year. A little less than half of that business - some …
February 16, 2023
Private Banks

Quintet plans to cut 165 jobs this year, 9% of workforce

Luxembourg-based private bank Quintet this year plans to eliminate 165 jobs, or 9 percent of its 2,000-strong workforce in six European countries as it attempts to become a more efficient organisation. “Some” jobs are expected to disappear through natural …
February 16, 2023
Sector,Investing

All of Europe’s PE market participants under one roof

LPeC, an international association for listed private capital, has become part of Invest Europe, the Brussels-based trade association for the European private equity, venture capital and infrastructure sectors. LPeC will continue as Invest Europe’s Listed …
February 15, 2023
Laws and Regulations,Wealth Managers,Investing

European parliament adopts Eltif upgrade

Protesting Turkish Kurds on Wednesday did not keep the European Parliament in Strasbourg from adopting the eagerly anticipated upgrade of the EU regulation for long-term investment funds, a package known as Eltif. An overwhelming majority of 492 members, …
February 15, 2023
Asset Allocation

‘Allocation euphoria’ pops up in emerging markets

Although professional investors - on average - are still considerably underweight equities, there is one category they are massively allocating to. Never before has the allocation jump in emerging markets equities been so large in three months. EM is hot. …
February 14, 2023
Transfers

Katharine Dryer takes up new equity role at Capital Group

Katharine Dryer has been appointed at Capital Group in a new London-based role as equity lead, Europe and Asia client group.  San Francisco-headquartered Capital Group, with assets under management of approximately 2.2 trillion dollars, said Dryer will …
February 14, 2023
Asset Managers

Candriam takes majority-stake in Tristan Capital

Candriam Group, a New York Life investments company, said it has agreed to buy a majority-stake in pan-European real estate investment manager Tristan Capital Partners. Financial details were not disclosed. Candriam already owns 31 percent of Tristan, …
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 …