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Date
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April 17, 2023
News,Investing

Raif registrations down 15% in Q1 vs yr-ago

A total of 30 new Reserved Alternative Investment Funds, or Raifs, were added to the Luxembourg Business Register during March 2023, according to public records updated as recently as Monday. The latest statistics bring the total number of new Raifs …
April 17, 2023
Asset Servicing

Apex snaps up troubled MJ Hudson in £40 mln firesale

Bermuda-headquartered financial services firm Apex Group, one of the largest management companies in Luxembourg, has agreed to acquire MJ Hudson PLC, a troubled London-listed provider of management company services in Ireland and Luxembourg, for about 40 …
April 17, 2023
Opinion

Chart of the week: looking past the elephant in the room

The workings of financial markets never cease to amaze from time to time. Especially when they decide to systematically deny the elephant in the room. Equity investors are often blamed for this behaviour, but high-yield investors can also have some of it …
April 17, 2023
Asset Managers,Laws and Regulations,Wealth Managers

Reverse hybrid rules playing major role in funds

The Luxembourg government clarified its application of the reverse hybrid rule in the EU’s second anti-tax avoidance directive (ATAD-2) last November, in 2022. It made clear that tax-exempt investors are exempt from the application of the reverse hybrid …
April 14, 2023
Investing,Products

M&G Investments: Bonds are back after years in the dark

As inflation has started to normalise, many market observers have started to find bond markets attractive again. Yields have risen to their highest levels in over a decade. Corporate debt has recovered, making bond investors comfortable after years of bad …
April 14, 2023
Asset Managers,News,Investing,Wealth Managers

No policy needed on Reifs: market experts respond to ECB proposal

A recent European Central Bank study calling for a regulatory framework to address instability in the market for Real Estate Investment Funds, known as Reifs, has been downplayed by a growing number of real estate specialists contacted by Investment …
April 13, 2023
News

Drastic reduction of sustainability labels for passive investment funds

As many as 70% of the ETFs touted as the most sustainable in their class by the fund companies that offered them have been downgraded in one year. Rather than aiming for sustainable investment, passive funds were found to incorporate only one ESG factor. …
April 13, 2023
Investing

FundRock MD: debt funds, low leverage strategies in strong position

Alternative investments strategies relying on limited bank financing appear to be well-placed to profit from the current crisis of confidence in the banking sector. And despite EU regulatory measures to deal with greenwashing, ESG products are seeing …
April 12, 2023
Opinion

Pinsent Masons: Demystifying funds legislation in EU

It was when the Netherlands, Belgium and Luxembourg signed the customs union that a geographical area at the heart of Europe was defined. The aim was to promote economic integration and cooperation between the three member states.  Since then, Benelux has …
April 12, 2023
Wealth Managers,Investing

Eltifs have a US parent: the Business Development Company

If there’s one thing clear from recent months, it’s that Luxembourg is placing a major bet on the future of Eltifs, or European Long Term Investment Funds. The EU’s adoption of a major upgrade of the Eltif regulation is opening the doors to private …