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Date
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January 20, 2023
Investing

Blackstone sets record with $22.2 billion secondary fund

New York-based Blackstone, also present in Luxembourg as a CSSF-regulated AIFM, has raised a record 22.2 billion dollars in commitments for its Strategic Partners IX fund, one of two such vehicles in its inaugural continuation fund strategy under the …
January 20, 2023
Investing

China could be climbing out of the rabbit hole

China celebrates New Year on Sunday, marking the start of the year of the rabbit, a symbol for longevity, peace, prosperity and hope in Chinese culture. The year could provide some interesting investment opportunities, China specialists at Comgest and …
January 20, 2023
Asset Managers,Wealth Managers,Investing

Luxembourg has high hopes for Eltif 2.0 framework

Luxembourg’s fund industry has high hopes for Eltif 2.0, the revised European regime for long-term investment funds that is set to be approved next month. Thanks to the updated rules, products like private funds can be targeted directly at retail …
January 19, 2023
Technology,Asset Servicing

Swissquote gets depositary license for digital asset funds

Swissquote Bank Europe has become the first Luxembourg bank to be able to offer depositary services to digital asset investment funds, having obtained CSSF regulatory approval to act as a depositary bank for Luxembourg-domiciled funds along with its …
January 19, 2023
Sector

Banks contribute most to Luxembourg’s economy

So which part of the financial services sector in Luxembourg contributes most in terms of added value to the grand duchy’s economy? It’s the banks, not the investment funds, says a new study published this week by Luxembourg For Finance and Deloitte. In …
January 19, 2023
Laws and Regulations

EU regulation in 2023: AIFMD, Mifid 2, retail investors, ESG

When it comes to EU financial regulation it won’t surprise anyone to hear that more is in store for the year ahead. Investment Officer looks ahead together with Vincent Ingham, director of regulatory policy at the European Fund and Asset Management …
January 18, 2023
Asset Servicing

EDB names Thils, Steele to executive management board

European Depositary Bank, part of the Apex group, has appointed managing directors Jean-François Thils, and Robert Steele (photo) as members of the executive management board. David Rhydderch steps down from the EDB board and has been appointed as global …
January 18, 2023
Investing

Japan’s exit from yield curve control has investors on edge

Not Davos, but Tokyo has the markets’ attention this week. The Bank of Japan earlier today defied market expectations by keeping its Yield Curve Control interest rate policy unchanged, at least for now. Markets question however how long the BoJ can …
January 18, 2023
Asset Servicing

Centaur gives Waystone a leg up in fund admin services

Dublin-based international management company Waystone, a major actor also in the Luxembourg market, has added fund administration to its range of offerings now that its acquisition of Centaur Financial Services, also Dublin-based, has obtained regulatory …
January 18, 2023
Asset Managers

Damodaran: Uncertainty is fundamental to investing

Investors concerned about uncertainty need to understand that it is fundamental to investing, but humans have a difficult relationship with it. Aswath Damodaran, a professor at New York University’s Stern School of Business and a prolific writer and …