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Date
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March 27, 2024
Sector,Opinion

Parts of the fund industry need urgent restructuring

Every now and then, my development team informs me that they need to take a pause from future developments to refactor code. Refactoring is a process where they restructure existing computer code without altering its external behavior. Over time, small …
March 27, 2024
Asset Managers,Wealth Managers,Asset Servicing

Waystone to provide ManCo services to Alger Management

Waystone Luxembourg on Tuesday said it will provide single-umbrella ManCo and related services to US-based Fred Alger Management’s SICAV range. The partnership will add 600 million US dollars to Waystone’s AuM, raising it to 2,000 million US dollars and …
March 26, 2024
Asset Managers

‘Energy pragmatism’ keeps Larry Fink’s mind on climate

Larry Fink, CEO of BlackRock, the world's largest asset management firm, on Tuesday addressed investors in his annual letter, focusing on three main issues: the need to reshape the pension and retirement system, the national debt crisis, and the …
March 26, 2024
Asset Managers

At Natixis, active management is back

Paris-based Natixis Investment Managers has reinforced its dedication to active portfolio management, positioning it as a central tactic amid a changing investment environment increasingly controlled by passive giants such as BlackRock and Vanguard. …
March 26, 2024
Opinion

It’s ECB watchers time!

As the last vestiges of winter's chill give way to the vibrant blooms of spring, the financial community turns its gaze to Frankfurt for the annual "ECB and Its Watchers" conference. The 2024 edition unfolded under the brilliant skies of Europe's …
March 25, 2024
Sector

Luxembourg holds 54.6% share in cross-border funds

Luxembourg continues to dominate the global cross-border fund registration landscape, holding a 54.6 percent market share despite a slight 0.4 percent drop in 2023, according to PwC Luxembourg's latest Global Fund Distribution Poster. The 24th edition of …
March 25, 2024
Asset Managers,Private Banks,Laws and Regulations,Wealth Managers

Another 40 Eltif funds in the pipeline, say experts

Some 40 new Eltif funds, enabling European retail investors to put their money in private markets, are understood to be in the pipeline, from a current total of 101 such funds available to investors in Europe, delegates at a Luxembourg conference have …
March 25, 2024
Investing,Opinion

Forget about bubble spotters!

Over the past year, Nvidia's stock has soared by more than 200%, igniting talks of a "bubble" among the self-proclaimed financial seers. But what precisely do we mean by a "bubble"? This term, often thrown around loosely, lacks a consistent definition …
March 22, 2024
Supervision,Laws and Regulations,Asset Servicing

CSSF fines Intertrust €162,500 for not sticking to custodian duties

The Commission de Surveillance du Secteur Financier (CSSF) has imposed a fine of 162,500 euro on Intertrust (Luxembourg) S.à r.l., a specialist in the professional financial sector, for not adhering to its custodial duties as outlined in Luxembourg's …
March 22, 2024
Supervision,Laws and Regulations

Esma fines Scope Ratings €2.2 mln euro for regulatory breaches

The European Securities and Markets Authority (Esma), the EU's financial markets regulator, has fined the European rating agency Scope 2.2 million euro for breaches of the Credit Rating Agencies (CRA) Regulation. The penalty is for Scope's failure to …