2556 results for ""
Date
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September 18, 2023
Supervision

Mandates of top CSSF supervisors Zwick, Wampach extended

Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) announced on Monday that Marco Zwick's mandate as the director in charge of supervising investment funds has been renewed for an additional five years, effective from September 1, 2023. …
September 18, 2023
Private Banks

Warburg aims for €300 mln with real estate debt Raif

Hamburg-based private bank M. M. Warburg & Co has announced the launch of its first real estate debt fund, WB Urban Real Estate Finance I, a Luxembourg-registered reserved alternative investment fund, or Raif, for institutional investors. The fund targets …
September 18, 2023
Family Offices

Truncus leads in Belgian multi-family office rankings

"We are a recognizable and accessible face for our clients. We are not product pushers but focus on concrete goals," said Stefaan Vanden Berghe, CEO of Truncus.  For several years, Truncus has been featured on Chambers & Partners' list of top wealth …
September 18, 2023

Chart of the Week: Excess savings

I am intrigued and—admittedly—surprised by the robustness of American consumer spending. I understand that wage growth has been substantial, but inflation has risen even more. While nearly everyone in the U.S. has a job (or two or three), it hardly …
September 17, 2023
Asset Managers,Asset Servicing

‘Distribution is still key to the success in asset management’

Upcoming legislation bringing challenges to the fund distribution industry – notably adding reporting requirements and increasing costs – will be a key focus on Wednesday's Global Distribution Conference of the Association of the Luxembourg Fund Industry, …
September 15, 2023
Sector

Brussels mulls overhaul of SFDR classifications

The European Commission is considering a revamp of the way sustainable investment products are classified, according to a document reviewed by British platform Responsible Investor. The current system, governed by the Sustainable Finance Disclosure …
September 15, 2023
Investing

Changing tides in Japan: markets brace for policy shift

Market participants are bracing for an unexpected — and for a long time, unthinkable — interest rate hike by the Bank of Japan (BoJ). In an interview on Saturday, BoJ Governor Kazuo Ueda indicated that he is considering raising rates "provided wages and …
September 14, 2023

Lagarde’s ‘heavy words’ hint at long plateau for rates

The European Central Bank is most likely done hiking interest rates, analysts said following the decision in Frankfurt to raise its three benchmark eurozone interest rates by 25 basis points. Euro bond markets rallied while the euro fell against the …
September 14, 2023
Asset Managers

Faster, smarter, greener: AI can rebuild ETFs from scratch

Artificial intelligence could change the way ETFs are assembled. Why would an investor opt for traditional index trackers when they can be customized? Newcomers see opportunities, but the establishment remains skeptical. What trends are emerging within a …
September 14, 2023
Sector

Gender parity in fund management hits a wall

In a significant blow to the push for gender equality within the asset management sector, Citywire's Alpha Female Report for 2023 shows almost no progress in the representation of female fund managers over the past year.  The percentage of female managers …