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May 30, 2023

Waystone hopes SFDR review will offer more flexibility

Given the significant resources and costs that the asset management has incurred to date, many investment firms are hopeful that the European Commission, in its upcoming review, will allow enough flexibility in application of the rules so that firms are …
May 29, 2023
Technology

ChatGPT is better at predicting stock price movements

Researchers at the University of Florida have discovered a significant correlation between ChatGPT's assessment of headlines, and the subsequent daily returns of the stocks studied. The researchers used ChatGPT to indicate whether a particular headline …
May 26, 2023
Sector,Opinion

In Flux: Value for money?

Costs of investment funds continue to be a divisive topic in the fund and asset management business. Are investors really paying 40% too much? Or ‘only’ 25%? What are they actually paying for? In Luxembourg, home to a third of Europe's 30,000 Ucits funds, …
May 26, 2023
Family Offices

Anthos attracts ten new clients in first year as multi family office

It has been about a year since Anthos Fund & Asset Management, the investment vehicle of the Dutch C&A family Brenninkmeijer, opened up as a multi-family office. For a traditionally closed stronghold it was quite a switch to fully open the doors, said top …
May 26, 2023
News,Technology

Confidence in Luxembourg’s crypto sector undimmed

A year of negative crypto-asset industry headlines has left interest in the asset class undiminished, according to a survey of 127 industry practitioners released on Thursday. Respondents agreed crypto assets will be important for the future of …
May 25, 2023
Asset Servicing

Reinhard steps down as CEO at Universal Investment

Michael Reinhard has decided to step down as chief executive officer at Frankfurt-headquartered Universal Investment Group, a leading management company in Luxembourg. Until a successor is appointed he will be replaced by David Blumer, who joined UI as …
May 24, 2023
Asset Managers,Investing

Fed’s ‘pause mode’ could take longer than market expects

The market is expecting a 75 basis point rate cut by the Federal Reserve after a six-month pause. According to Invesco, the likelihood of that happening is much lower than the market thinks. This is good news for emerging markets, said Wim Vandenhoeck, …
May 24, 2023
Asset Managers,Asset Servicing,Investing

PwC: Luxembourg ManCos redesigning operating models

Market consolidation, pressure on cost and the weight of regulation have reduced the total number of Management Companies in Luxembourg by four last year. The latest edition of PwC’s annual Manco Observatory nevertheless sees this industry as “very …
May 24, 2023
Private Banks

EY: Luxembourg clients more inclined to seek advice

Given the increasing complexity of financial markets, private banking clients in Luxembourg, especially younger groups, are more willing to seek out financial advice than clients elsewhere in Europe, according to the Luxembourg edition of EY’s Global …
May 24, 2023
Sector,Laws and Regulations

Brussels launches crackdown on costs of investment funds

When the long wait for the retail investment strategy finally ended on Wednesday at a European Commission press conference in Brussels, Commissioner Mairead McGuinness gave the financial industry three years to hit her targets for transparency, costs and …