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Date
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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. …
October 23, 2023
Asset Managers,News

Top fund managers have clear preference for oil, financials

Which public companies do the best rated fund managers want in their portfolios? Researchers at London-based data analysis firm Citywire on Monday released a new data set that shows in which equities the world’s portfolio managers prefer to invest with …
October 23, 2023
Investing

A Nasdaq in Luxembourg? ‘I beg you. Build it.’

Luxembourg, take the initiative for a European Nasdaq market. Take your expertise in financial structures and pioneer this change.  This message emerged during a panel discussion on investment exits at Thursday's Insights conference of the Luxembourg …
October 23, 2023
Investing

Italy’s debt landscape: A déjà vu of 2012 or worse?

As Italy's 10-year interest rate hovers around 5 percent, flashbacks to late 2012 become inescapable. A time not far off when Italy's place in the Eurozone was in question. Could we be on the brink of another debt crisis? Many in the investment world have …
October 20, 2023
Asset Managers

Luxembourg funds to become subject to new regime in UK 

The Financial Conduct Authority (FCA), the UK’s financial supervisor, plans to introduce a new overseas funds regime in April next year, as part of Britain's post-Brexit framework for authorising non-UK investment funds to reach British investors. It …
October 19, 2023
Investing

Despite growth, private assets remain concentrated

Luxembourg's alternative investment funds (AIFs) continued to show resilience and growth last year, even amid economic headwinds, navigating economic challenges with private equity funds at the forefront of market momentum, according to the latest annual …