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Date
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December 3, 2024
Laws and Regulations,Technology

CSSF embraces Luxembourg-based AI cloud in digital push

Luxembourg financial regulator the CSSF has started identifying pilot projects to explore artificial intelligence applications based on a new Luxembourg-based cloud computing platform incorporating Google services. The move is seen in part as a way to …
December 3, 2024
Investing

Investors aim for greater sustainability in private markets

Institutional investors worldwide are accelerating their shift towards sustainable private markets, according to three studies conducted by L&G, Schroders, and Montana Capital Partners. They are increasing allocations to ESG-focused sectors such as …
December 3, 2024
Private Banks,Wealth Managers

ING to transfer 18,000 retail clients to BGL BNP Paribas

ING Luxembourg has agreed to transfer approximately 18,000 retail clients with basic daily banking needs to BGL BNP Paribas. This move comes as part of ING’s strategic pivot to focus on private banking and wholesale banking services, a shift announced …
December 2, 2024
Investing

Thirty-six trillion reasons to question the American bravoure

In the United States, a sense of self-satisfaction about Europe is palpable. But how sustainable is this bravado? Debt underpins America’s dominance, yet even that has its limits. As one economist puts it, “There’s an illusion of invincibility in the …
December 2, 2024
Opinion

Chart of the week: fade the trade

Financial journalists and market experts have a new gimmick: the "Trump trade". With another four years of the Trump show ahead, we might derive all sorts of investment ideas from the yet-to-be-implemented policies. But I have my doubts about most of …
November 29, 2024
Expert Panel

Morningstar: playing chess with thematic funds rarely leads to profit

Thematic funds have grown significantly in size, number, and prominence globally over the past five years. Despite recent underperformance, these funds seem to maintain a lasting role in investors' portfolios. Higher costs, greater volatility, and the …
November 28, 2024
Asset Managers

Private credit: Blackrock said to buy HPS for $12 billion

Blackrock, the world’s largest asset manager, is poised to acquire HPS Investment Partners for approximately 12 billion dollars, according to the Financial Times. The deal underscores BlackRock’s strategic push to expand its private credit business in a …
November 28, 2024
Asset Managers,Investing

Belfius AM considers a return to defence stocks

The war between Russia and Ukraine is prompting European asset managers to reconsider defence stocks, partly at the urging of their clients. Belfius Asset Management (Belfius AM) has avoided investments in the weapons and defence sectors for years. The …
November 28, 2024
Laws and Regulations,Transfers

Transfers: HSF, Simpson Thacher set up shop in Luxembourg

This week’s overview of transfers and appointments in the fund and asset management community highlights international law firms Herbert Smith Freehills and Simpson Thacher & Bartlett hiring in Luxembourg to establish a presence in the Grand Duchy’s …
November 27, 2024
Asset Managers

Sandro Pierri: Good old days in asset management are over

European asset managers are grappling with a quadruple challenge: fragmented markets, capital outflows to the United States, demographic shifts, and a profound transformation of the industry. Sandro Pierri, CEO of BNP Paribas Asset Management and …