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Date
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November 29, 2023
Asset Managers

Charlie Munger’s passing marks the end of an era

Charlie Munger, Warren Buffett's esteemed colleague at Berkshire Hathaway, passed away on Tuesday at 99, marking a significant moment in the history of corporate America and the investment world. Berkshire Hathaway announced Munger's peaceful passing at a …
November 29, 2023

Benelux banks early adopters of Article 9 fund of funds

Banks in the Benelux are adopting Article 9 fund of funds to offer retail clients unlisted impact investments, despite concerns over high costs. Laws and regulations make it difficult for parties to offer unlisted impact investments to retail clients. …
November 29, 2023
Sector

Serge Weyland to succeed Camille Thommes as Alfi DG

Serge Weyland, CEO at Edmond de Rothschild Asset Management in Luxembourg, is set to replace Camille Thommes as the director general of the Association of the Luxembourg Fund Industry (Alfi), effective 1 January 2024, as announced by the association. …
November 28, 2023
Asset Managers

Raif registrations show signs of renewed strength

Registration levels of new Reserved Alternative Investment Funds have continued their recovery from the slowdowns in activity seen earlier this year. In October, a total of 35 new Raifs were created, according to Investment Officer ’s analysis of the …
November 28, 2023

Industry welcomes planned tax cuts for active ETFs

The head of Luxembourg’s fund and asset management industry association on Tuesday gave its full backing to a government plan to make the Grand Duchy’s tax laws friendlier for investors in active ETFs, a product that is experiencing considerable investor …
November 28, 2023
Sector

Luxembourg private debt market sees 51% growth

The Luxembourg private debt fund market, with its assets under management soaring to 404.4 billion euros, marks a stunning 51 percent growth year-over-year, showcasing its robust position in the European financial landscape, according to the latest …
November 28, 2023
Sector,Supervision

‘Deficient’ due diligence behind mass account freeze

Luxembourg's financial watchdog CSSF has disclosed that about 86,000 investor accounts, primarily belonging to everyday retail investors across Europe, are currently frozen in the Grand Duchy. This situation, affecting over 8 percent of total investors, …
November 28, 2023
Investing

Eltif 2.0 supervisory standards could come only late February

Updated European rules for long-term investment funds known as Eltifs will enter into force on 10 January 2024, but managers looking to actually launch new Eltif 2.0 funds may have to wait until the end of February because European financial supervisors …
November 28, 2023
Sector,Laws and Regulations

Financial sector looks set to dodge new CSDDD rules

Despite a call by the ECB, European financial institutions do not seem to be immediately covered by the new corporate responsibility directive. A majority of member states reportedly do not want to decide on this until after the directive comes into force …
November 28, 2023
Sector

Timing the market with Luxembourg funds is costly

Timing the market with your fund investments can be costly, especially if you are a cross-border investor using Luxembourg-domiciled mutual funds. Some 27 percent of the total return in your portfolio - nearly one third - could be at risk, according to an …