There is a persistent illusion in the financial world: that investors make decisions after carefully weighing all available data. That they open spreadsheets, discount cash flows and only then hit the buy button. In practice, that is rarely how it works. …

Heat and water scarcity are putting pressure on farmland returns. Asset managers are investing in soil health and water supplies to protect production. The financial challenge is funding those improvements while preserving income and land values. For …

The distribution of Luxembourg branch 6 products in Belgium remains a subject of debate. The issue appears to expose several fundamental questions about the relationship between national supervision and European market integration. At the heart of the …

U.S. Treasury yields have surged above levels not seen in two decades, tempting some fund managers back into the asset class. Others remain reluctant to commit while inflation and heavy borrowing threaten further losses. Lending to Washington pays more …

Retail investors chase returns, while investment professionals focus on allocation. At least, that has been the prevailing view in the literature for the past thirty years, and probably in your investment policy statement as well. But after conducting …

“Yes, but it doesn’t generate cash flows.” Six words that regularly send shivers down my spine. They are also the words traditional investors repeat time and again to explain why they absolutely do not invest in gold. My response to them: “Dear investors, …

France's budget plan has failed to ease concerns over the country's government bonds. The persistent stress in the bond market is stirring memories of the 2009–2011 eurozone crisis. Analysts agree that the European Central Bank (ECB) will intervene if …

It seemed like a remarkable move: in September 2025, the global equities team moved from boutique firm MainFirst to listed asset manager Laiqon. The four fund managers brought around 2.5 billion euros with them to their new employer, which is best known …

Urbanization, the energy transition and digitalization are driving demand for infrastructure. AI is providing an additional boost through data centers and power grids. Listed infrastructure companies stand to benefit. This week, we therefore take a closer …

Winding down a fund can take years when assets are difficult to sell. Luxembourg liquidator François Gerard explained why completing the process often involves a choice between selling now and waiting for a potentially better return. Gerard, a partner at …

Conversational alpha

Farmland investors count the cost of climate resilience

BZB-Fedafin: Luxembourg branch 6 policy exposes tension between European and national rules

Unusual surge in US yields has managers question buying opportunity

Return chasing for professionals

Chart of the week: gold does nothing, exactly as it should

French bond market stress revives memories of the eurozone crisis

Former Mainfirst managers make their mark at Laiqon

Morningstar: Atlas versus BNY Mellon in sector equity infrastructure

Why winding down funds can take years