“Fund managers are making record bonuses” is a headline often heard in London, Frankfurt, and Paris, but rarely in Luxembourg. While we dominate in back-office services, these jurisdictions excel in providing front-office services, an area Luxembourg’s …

Worried about the protection of European investors, illiquid investments, and financial stability, Esma wants its table to be reinstated into the Eltif standards rulebook, although with some significant modifications. The Paris-based body that …

Asset managers still work with a variety of custodian banks, but is this truly necessary? According to experts from the Netherlands, the perfect custodial institution doesn't exist. Moreover, no one wants to be dependent on a single entity. When asked …

At the time of writing, the "mother of all equity indices," the S&P 500 Index, is down a significant 4% from its early April peak. This downturn is partly driven by escalating tensions in the Middle East. Of course, this in itself isn't something to cheer …

Emerging market debt denominated in local currencies enjoyed a strong year last year, but the first quarter of 2024 saw hardly any movement. For investors looking for diversification, we discuss a leading fund in this category. Last week, my colleague …

Among the recently registered AIFs in the CSSF’s AIF Identifiers dataset is “Yeldo Varedo S.C. SP”, a fund registered on behalf of Yeldo, an Italian/Swiss investment manager focusing on originating real estate deals. The firm has made use of Luxembourg …

European investors continue to channel funds into sustainable investments, recognizing the enduring appeal of sustainable UCITS funds. In 2023 alone, an impressive one trillion euros flowed into European Article 8 and 9 funds. This trend is expected to …

This week’s overview of transfers, appointments, promotions and other people news includes updates from FE Fundinfo and Amundi. Joerg Grossmann FE fundinfo announced the appointment of Joerg Grossmann as its new Chief Product Officer. As Chief Product …

The returns generated by private credit funds seem to primarily benefit fund managers, not investors. According to a recent study published by three economists from the American National Bureau of Economic Research (NBER) there is no extra return left for …

Fund sponsors increasingly explore ways to facilitate access by retail investors to private assets. Part II UCIs have been instrumental in this development. This contribution discusses the increased success of the Part II UCI fund regime with private …

Luxembourg’s fund industry needs a front office

Eltif 2.0: Esma wants its table to be reinstated into RTS

The ideal custodian bank does not exist

The 5 percent rule!

Emerging market bonds in local currency

Yeldo business model based on Luxembourg Raifs, securitisation

European investors continue to pump money into sustainable funds

Transfer Thursday: FE fundinfo, Amundi

Alpha private credit markets skimmed off by costs and risks

Part II UCIs: The ELTIF Fund Regime of choice?