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Date
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February 26, 2024
Investing,Opinion

Recession prevented?

This column is not about where that economic recession remains, but about an earnings recession that has passed. At least, if my global profit indicator is to be believed. A global profit indicator Profits are largely cyclical and so you should be able to …
February 23, 2024
Wealth Managers,Asset Servicing

Spuerkeess ditches transfer agents in Euroclear outsourcing

Major domestic Luxembourg bank Spuerkeess will move the majority of its fund portfolio to Euroclear FundsPlace as part of its effort to streamline and cut costs in its fund business, the bank has announced this week. The bank said it “has decided to move …
February 23, 2024
Sector

ESG rating providers now subject to Esma supervision

The European Parliament this week approved new regulations that will provide investors with more transparency on Environmental, Social, and Governance (ESG) ratings. The rules mandate clear disclosures on E, S, and G factors and place EU-based rating …
February 22, 2024
Asset Allocation,News

Picks-and-shovels strategies alive as Nvidia fuels AI gold rush

Artificial intelligence and semiconductor stocks rallied late Wednesday during after-hours trading after Nvidia wowed Wall Street with its Q4 earnings. Investors seem to bet on more demand for “picks-and-shovels” in today’s AI-gold rush, echoing dot-com …
February 22, 2024
News,Sector,Laws and Regulations

Unified investment product would be bold move for EU

Imagine a groundbreaking European savings and investment product, open to all 450 million individuals across the European Union, supported by a harmonised tax incentive endorsed by every EU member state. Wishful thinking? Probably so, but maybe not. In …
February 22, 2024
Sector,Transfers

Transfer Thursday: Vistra, LuxCMA, Servitia, Kaufhold

This week’s Luxembourg overview of transfers, appointments, promotions and other people news includes updates from Vistra, the Luxembourg Capital Markets Association, Intesa Sanpaolo Servitia and Kaufhold & Reveillaud. Abdel Hmitti Abdel Hmitti  (photo) …
February 22, 2024
Opinion

A new eurocrisis

This year commemorates the 25th anniversary of the euro, but the festivities are notably absent. In times gone by, the Dutch guilder stood as a robust currency, challenging even the Swiss franc. However, those golden days are now but a memory. …
February 21, 2024
Laws and Regulations,Wealth Managers,Family Offices

CSSF fines Mizuho nearly half a million euro for breaches

Luxembourg’s CSSF financial regulator on 20 February announced that in late 2023, it had imposed a nearly half-million euro administrative fine on Mizuho Trust & Banking (Luxembourg) S.A. The 17 November 2023 fine of 444,400 euros was imposed for …
February 21, 2024
Asset Managers,Asset Allocation,Private Banks,Sector,Wealth Managers

Blackstone’s Solotar foresees structural shift to private credit

Interest in investing in private markets, private credit in particular, may have surged, but that growth is just the beginning. “We see a structural shift towards private credit,” says Joan Solotar, global head of Private Wealth Solutions at Blackstone. …
February 21, 2024
Asset Managers

‘We are behavioural psychologists rather than asset managers’

To become content, one must liberate themselves from emotions. Amsterdam-based asset manager Stoic embodies ancient Greek stoicism, aiming to shield clients from emotional investing. "We are behavioural psychologists rather than asset managers." The past …