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Date
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July 25, 2024
Private Banks

BPCE to acquire Belgian bank Nagelmackers

After years of uncertainty under Chinese ownership, the acquisition of Nagelmackers by BPCE, the second-biggest banking group in France, clearly establishes the bank's new direction and affiliation. Nagelmackers, Belgium's oldest bank, is set to be …
July 25, 2024
Asset Managers,Asset Servicing

‘The people who created the Sicar were like startup entrepreneurs’

Luxembourg's first private markets fund vehicle was created exactly two decades ago this summer. Sicar is the French acronym for Société d'Investissement en Capital à Risque , or investment company in risk capital. Lawmakers, led by then-finance minister …
July 25, 2024
Transfers

Transfer Thursday: CSSF, Apex, Capital Group

This week’s overview of transfers, appointments, promotions and other career news includes updates from Luxembourg supervisor CSSF, Apex Group and Capital Group. Maureen Wiwinius Maureen Wiwinius (photo) has been reappointed as a member and chairperson of …
July 25, 2024
Opinion

JD Vance as the new power player

Trump's pick of James David Vance, better known as J.D. Vance, as vice-presidential candidate markets a firm shift. Vance's appeal in swing states and manufacturing focus could reshape the economy and ensure a Republican stronghold, impacting market …
July 25, 2024
Investing

Investors turn to steepeners to capitalize on Fed cuts

European institutional investors wishing to capitalize on anticipated rate cuts by the Federal Reserve are turning to curve steepeners. Investmentment strategists at BNP Paribas and Amundi said this strategy is rapidly becoming a no-brainer trade. …
July 25, 2024
Investing,News

Central bank gold fever grips investors as well

Not only central banks seek a larger position in physical gold. Clients of asset managers are increasingly requesting gold as an investment. Geopolitical tensions, inflation uncertainties, and high equity market valuations are driving this trend towards …
July 23, 2024
Investing

Lack of boldness in venture capital is Europe’s ‘costly weakness’

The European Union confronts a significant challenge in its bid to match the United States economically. Economists at the International Monetary Fund (IMF) assert that Europeans invest insufficiently in venture capital, rendering the sector …
July 22, 2024
Asset Allocation,Investing

‘Dancing on the volcano - as long as it lasts’

The confluence of high valuations and geopolitical risks indicates potential overheating and future uncertainties. Europe, with its heavy dependence on third-party suppliers for essential goods and raw materials, finds itself particularly vulnerable. The …
July 22, 2024

Good news is ‘just’ good news again

We are at a crossroads when it comes to incoming macro data. While it was long hoped for some disappointing figures to give the Federal Reserve the final push to move away from the "higher-for-longer" faith, good news is now "just" good news again. In …
July 19, 2024
Asset Allocation,Investing

Fund Radar: Currency effects drive returns in EM debt

Many EMD investors believe that the overvaluation of the US dollar is at relatively extreme levels, while growth in emerging markets is higher than in more developed markets. Moreover, most emerging markets also managed to reduce inflation faster, and …