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Date
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January 31, 2024
Asset Servicing

Atoz Services buys money-bleeding Fund Solutions

Atoz Services, described as the largest tax advisory firm in Luxembourg outside the Big 4, announced on 29 January its acquisition of former rival Fund Solutions, a money-losing Luxembourg firm offering outsourced fund administration services for listed …
January 31, 2024
Opinion

The time for true green investing is now

As the global investment community grapples with a fluctuating market and evolving attitudes towards ESG (Environmental, Social, and Governance) funds, a nuanced story is emerging from Europe. This narrative, against the backdrop of Amundi's "Responsible …
January 31, 2024
Investing,Opinion

ECB Watch: A turbulent 25th anniversary

What an extraordinary month the first month of this year proved to be for the European Central Bank (ECB), indeed! To begin, this month marked the 25th anniversary of the euro's inception. To commemorate this milestone, major newspapers across eurozone …
January 31, 2024
Asset Managers

Group led by Mirova, Robeco plans emissions avoided standards

A consortium led by French and Dutch asset managers is progressing towards setting a global industry benchmark for quantifying greenhouse gas emissions averted through low-carbon solutions. This follows their appointment of two consultancies to create a …
January 30, 2024
Asset Managers

Norway’s ‘Oil Fund’ reports record profit of 196 bln euro

Norway's Government Pension Fund Global, the largest sovereign wealth fund globally, on Tuesday announced a record-breaking profit of 2.22 trillion Norwegian kronor (approximately  196 billion euro) for 2023. This achievement was primarily driven by …
January 30, 2024
Sector,Supervision

SEC’s hefty fines contrast with Europe’s mild approach

The U.S. Securities and Exchange Commission (SEC) in 2023 continued to demand significant recoveries from financial institutions, although investment advisers were less frequently targeted. The year also witnessed the introduction of fines related to …
January 30, 2024
Laws and Regulations

Eltif 2.0: Brussels mulls new path towards RTS

The European Commission is contemplating an alternative approach to adopting the EU’s regulatory and technical standards for the forthcoming generation of European Long-Term Investment Funds under the new Eltif 2.0 regulation. According to this plan, the …
January 29, 2024
Sector,Laws and Regulations

‘Basel Endgame’ in US seen supporting private credit

While Wall Street is pulling out all the stops to curb ‘Basel III Endgame’, private lenders are in pole position for implementation of the banking rules. The price at which US big banks can borrow money will be skillfully undercut by private credit funds, …
January 29, 2024
Asset Managers

Sustainable investing: ‘Stay the course!’ says Amundi

Europe’s biggest asset manager has called on its peers in financial sector to better serve clients by stepping up efforts to bring greater clarity on the use of standards and regulations that govern responsible and sustainable investing.  Paris-based …
January 29, 2024

High Yield resurged in 2023, but what lies ahead?

2023 was a year that high-yield bond investors won't soon forget. It was a period marked by a spirited comeback, with global high-yield bonds extending their rally, clocking a 3.1% gain in Q4 and culminating in a robust 9.6% total return for the year, as …