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Date
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May 29, 2024
Opinion

Seeing northern lights? Almost as rare as an ECB interest rate shift

Imagine standing in the Dutch polder, gazing at a sky illuminated by the ethereal northern lights. It's a rare event, almost as rare as the European Central Bank (ECB) adjusting interest rates before the U.S. Federal Reserve (Fed). Yet, this unusual …
May 28, 2024
Private Banks,Asset Servicing

Private bank Hauck Aufhäuser goes Dutch in €672 mln deal

Dutch bank ABN Amro has announced the acquisition of German private bank Hauck Aufhäuser Lampe, also known as HAL, from Chinese investment company Fosun International. HAL's asset services activities in Luxembourg and Ireland are excluded from the …
May 28, 2024
Asset Managers,Wealth Managers

Defining ‘value for money’ bewilders asset managers

Under mounting pressure to justify fees and meet investor demands for transparency, asset management firms are raising concerns over the European Commission's vague definition of "value for money," arguing its subjective nature complicates cost …
May 28, 2024
Sector,Investing

Making the most of private markets

In an unstable investment environment with wars and crises looming worldwide, contradictory inflation data as well as insecurity regarding interest rate development, alternative investments have evolved into a diversifying and stabilising element of …
May 27, 2024
Asset Servicing

Tough ride ahead for Euro funds under new US T+1 settlement rule

From Tuesday, US trades of stocks, bonds and ETFs will need to be settled within a single day, not two, presenting significant challenges to European funds dealing in US securities. Insiders warn for a “tough ride” for traders to meet the tighter …
May 27, 2024
Asset Servicing

Luxembourg’s ManCos employ record 7,700 people, up 11%

Luxembourg's Management Companies, the firms that handle a substantial portion of investments serviced in the Grand Duchy, employed a record 7,700 people at the end of last year, up 11 percent from the previous year. This figure is reported in PwC's 2024 …
May 27, 2024
Opinion

The end of the dollar dominance?

China's recent massive sell-off of U.S. government bonds has financial headlines buzzing. This unprecedented move comes on the heels of President Biden’s decision to hike import tariffs on various "strategic" goods, including electric cars, by a …
May 24, 2024
Sector,Laws and Regulations

Esma proposes EU label for ‘basic’ investment products

The European Securities and Markets Authority (Esma) unveiled a new initiative this week aimed at making investment opportunities more accessible across the EU. At the heart of this plan is a new "basic and simple" EU investment product label, intended to …
May 24, 2024
Products

European equities: The rise of the ‘Granolas’

In the US, a select group of seven stocks have garnered much attention since last year for their impact on stock market performance. This illustrious group, known as the Magnificent Seven , includes Microsoft, Apple, Alphabet, Amazon, Nvidia, Meta, and …
May 23, 2024
Asset Servicing

High rates, sub-funds keep Raif registrations in check

Registrations of new Reserved Alternative Investment Funds, a highly popular private market vehicle in Luxembourg known as Raifs, slowed during April, continuing a downward trend from the peak observed last December. The numbers reflect the impact of …