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May 5, 2022

Luxembourg faces stiff competition in green finance

Luxembourg’s green finance offering placed 7th in an international index of such activities within worldwide financial centres published on 22 April. The financial centre placed third within the EU. It fell two spots in the index since last year’s …
May 5, 2022
Transfers

Clifford Chance beefs up team, Alfi hires from PWC

In Luxembourg, international law firm Clifford Chance this week announced the promotion of two of its counsel and the appointment of nine senior associates, while industry group Alfi has hired a new head of communications from PWC Luxembourg. Eimear …
May 5, 2022
Opinion

Demand for oil grows at the drop of a hat

Major investors like Warren Buffett and Goldman Sachs are increasing their positions in oil stocks. Buffett recently bought large positions in Chevron and Occidental Petroleum. For Goldman, Exxon is the favourite. The price of oil this year peaked at …
May 4, 2022
Opinion

Chart of the week: managers remain overweight on risk

The latest edition of the Bank of America Global Fund Manager Survey shows that fund managers are still overweight equities while their expectations of future economic growth have fallen sharply. In fact, the chart below shows that fund managers have …
May 4, 2022
Asset Allocation

The Yen has become a plaything of the markets

The Japanese yen is rapidly losing its value against the dollar, increasing pressure  on the Japanese economy as well as the yen's status as a safe haven. We investigated the Japanese enigma. For the first time in twenty years, a dollar is worth 130 yen. …
May 3, 2022
Asset Allocation

Net Ucits outflows rose more than five-fold in February

Led by a steep drop in bond investments, European Ucits investment funds saw net outflows rise more than five-fold in February when compared to a month earlier due to worries over Russia’s invasion of Ukraine and over rising inflation, according to the …
May 3, 2022
Laws and Regulations

ESAs propose ‘simpler, user-friendly’ investment info

The European Union’s top financial supervisory bodies have told the European Commission to move towards a clearer and more effective framework for informing retail clients about costs and potential risks their run with investments, and told it to better …
May 2, 2022
Asset Managers,Private Banks

Renell Bank silent on Merit Capital’s demise

Frankfurt-based Renell Bank AG, which publicly announced the acquisition of Belgium’s Merit Capital last October, remained silent on Monday on the demise of the Antwerp-based brokerage firm whose trading licence is being revoked. Marc Renell, CEO of the …
May 2, 2022
Asset Managers,Sector,Asset Servicing

Raif registration growth tails off, but still steady

Growth in funds registered as Reserved Alternative Investment Funds (Raifs) in Luxembourg has slowed in February and March, according to an analysis of data from the Luxembourg Business Registry by Investment Officer Luxembourg .  The number of new Raifs …
May 1, 2022
Asset Managers,Investing

As everyone flees, Buffett's Berkshire Hathaway steps in

It was one of the worst stock market quarters in a long time, but Warren Buffett did not stare like a rabbit in the headlights. He seized the correction to buy more than 41 billion dollars worth of promising and punished shares. Result: his investment …