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Date
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February 7, 2023
Laws and Regulations

‘Divisive’ EU retail investor strategy set to ban kickbacks

The European Commission plans to stick to its plan to stop inducements for financial advisors, a proposal it recognises as “divisive” but one that is needed to build trust among investing consumers. “I think it's good to grasp this nettle and to make …
February 6, 2023

Crestbridge appoints Anthony Yabut as director of tax

Jersey-based management company Crestbridge has appointed Anthony Yabut as director of tax in its New Jersey office, as part of its ongoing strategy to expand and enhance its client proposition in the US market. Crestbridge, supervised also in Luxembourg …
February 6, 2023
Investing

Luxempart invests €110 mln in Kestrel Vision, 26% stake

Luxembourg stock exchange listed private equity firm Luxempart on Monday said it entered into an investment agreement that will give it a stake of approximately 26 percent in Kestrel Vision for about 110 million euros. Lyon, France-based Kestrel is a …
February 6, 2023
Investing

Markets entering riskier phase, Amundi tells investors

Global financial markets are entering a riskier phase where some corporate earnings could disappoint while opportunities remain in China, emerging markets and investment grade bonds, Europe’s biggest asset manager Amundi said. In their February note to …
February 6, 2023
Laws and Regulations,Technology

Disruptors like ChatGPT pose new legal challenges

Communication technology continues its rapid development, but it’s inevitably affected by the world that it serves, so it must contend with concerns about sustainability and the impact of the economic situation, as well as the legal context. The emergence …
February 3, 2023
Investing

‘Central banks very wary of sending dovish signals’

Thursday’s 50 basis point rate hike by the European Central Bank came as no surprise. The ECB’s deposit rate now stands at 2.5 percent. The ECB reiterated that it intends to deliver a similar rate hike at its next meeting in March. The ECB’s hike came one …
February 3, 2023
Asset Managers

‘Restructure Ukrainian debt with frozen Russian assets’

Economists at PGIM Fixed Income have suggested converting Ukraine's dire debt obligations into new debt. These so-called "freedom bonds" could be backed by frozen Russian assets, according to the bond house. The economic damage caused by the war in …
February 3, 2023
Asset Managers

Robeco exits Dutch retail market with sale to Evi

A major shift in the Dutch retail investor market. Netherlands' largest fund house Robeco decides to focus entirely on institutional and wholesale investors and, with pain in its heart, says goodbye to retail investors. With the takeover, Evi van Lanschot …
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 , …