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Date
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October 26, 2023
Asset Servicing

Apex secures $400 mln in term debt to bolster growth

Apex Group on Thursday said it is  poised for expansion after having secured 400 million dollar in term debt, aiming to boost liquidity and further organic and inorganic growth. The firm, financially backed by a group of four venture capital firms, is …
October 26, 2023
Private Banks,Wealth Managers,Investing

PE investors dismiss valuation chatter as ‘noise’

Despite declining valuations in private equity, Schroders Capital's European private equity chief Richard Damming remains confident, dismissing concerns as mere industry "noise". In the face of fluctuating private equity valuations, Damming reassures that …
October 26, 2023
Investing

US outflows from sustainable funds accelerated in Q3

Outflows from sustainable investment funds in the United States accelerated during the third quarter, likely due to a political debate that is hostile to investing sustainably, according to the latest report on global sustainable fund flows by …
October 26, 2023
Asset Managers

Ucits funds becoming cheaper, global study finds

Investors in Ucits investments funds like those based in Luxembourg are paying about 1/5 less in operational charges after a decade-long reduction in such fees, according to a report by ICI G lobal, an association representing regulated investment funds. …
October 26, 2023
Transfers

Transfer Thursday: Capital Group, ECB, Moonfare 

This week’s overview of transfers, appointments and promotions includes updates from Capital Group, Moonfare and the supervisory board of the European Central Bank. Benno Klingenberg-Timm Benno Klingenberg-Timm (photo) has been appointed as Head of …
October 25, 2023
Supervision

CSSF urges vigilance on Hamas funding, 91 NGOs monitored

Luxembourg’s financial supervisor CSSF is urging banks, investment funds and the general public in the Grand Duchy to be extra vigilant in relation to money transfers that could finance terrorist groups such as Hamas and Islamic Jihad. The reminder comes …
October 25, 2023
Sector,Wealth Managers

‘It is time to establish a global tax on the very rich’

Over the past decade, government initiatives have significantly curbed international tax evasion. However, the real impact of these measures remains a subject of debate. A new report now calls for a global minimum tax for the world’s ultra-rich. "The …
October 24, 2023
Transfers,Asset Servicing

McDonagh replaces Reinhard as Universal Investment CEO

Francesca McDonagh will join Frankfurt-headquartered Universal Investment Group as its new group chief executive officer from January, the firm has announced. McDonagh, 48, previously served as group chief operating officer at Credit Suisse and as CEO at …
October 24, 2023
Investing,Opinion

Ten old and ten new safe havens

US 10-year yields have risen above 5 per cent. As a result, earnings yield - the inverse of the P/E ratio - has fallen below bond yields for the first time this century. With that, equities look vulnerable. The days of TINA are over for good, there is an …
October 24, 2023
News,Asset Servicing,Investing

Luxembourg Raif market is alive and kicking again

A deep dip in new registrations for reserved alternative investment funds, a popular Luxembourg private assets vehicle, in August was “an aberration to a trend”, according to Denis Harty, CEO of Luxembourg Management Company Solutions at Waystone. …