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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 …
April 29, 2022
Asset Managers

Amundi assets top 2 tln euro, buoyed by ‘robust’ inflows

Although it noted a “sharp slowdown” since the outbreak of the war in Ukraine, Europe’s biggest asset manager Amundi saw its assets under management top 2,000 billion euro during the first quarter, buoyed by the integration of Lyxor and persistent inflows …
April 29, 2022
Laws and Regulations

Luxembourg supports single EU supervisor for markets

The European Union needs to establish a single supervisory body for financial markets in order to boost the development of market finance towards creating a true single European financial market and turning the widely-discussed Capital Markets Union plans …
April 29, 2022
Asset Allocation,Sector,Products

Top 5 High Yield bond funds: UBS in the lead

As expected, 2022 looks set to be a turbulent year for fixed income assets. High-yield bonds shared in the blows dealt in the first quarter.  The ICE BofA Glb High Yield Constrained Index closed the first quarter of 2022 with a 4 percent loss measured in …
April 28, 2022

Wagener to retire as LuxSE chair, Grbic in charge at ABBL

Two of Luxembourg’s top financial bodies are undergoing changes in key leadership positions. Former Fortuna Bank CEO Jerry Grbric this month took over from Yves Maas as chief executive officer of the Grand Duchy’s banking association ABBL, while Frank …
April 28, 2022
Asset Allocation

Investing in Nasdaq without Big Tech

The Nasdaq now trades more than 20 percent below last November's high. With Big Tech remaining under downward pressure, other parts of the Nasdaq look promising.  There has actually been a correction phase since February last year. First in the more …
April 28, 2022

‘We tried to civilise Russia. We did not succeed.’ 

Russia’s war against Ukraine makes clear that the EU lacks "strategic autonomy". In a world where new powers, forces and risks are emerging, it is time to reset the EU’s common foreign and defence policy, says Joachim Bitterlich. For many years, he was …
April 27, 2022
Asset Managers,Laws and Regulations

Antwerp asset manager Merit loses brokerage licence

Antwerp-based asset manager Merit Capital will lose its Belgian brokerage licence, according to a judgement by Belgium’s Council of State published on 26 April. Merit Capital has been struggling for years with its governance model and profitability. …