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Date
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October 2, 2023
Asset Servicing

Apex’s growth in Luxembourg reflects shift in landscape

In this IO Talks podcast interview, Peter Hughes, CEO and founder of Apex Group, and Pierre Weimerskirch, the firm’s Luxembourg head, discussed strategic ambitions in Luxembourg, highlighting the region’s increasing dominance in the global investment …
October 2, 2023
Investing

Consumer spending concerns: A glimpse into the future?

A recent chart from UBS has caught my attention. It indicates a surprising reluctance among Americans to spend during the upcoming holiday season, especially when compared to their willingness in July. A year ago, a similar trend was noted. Subsequently, …
October 2, 2023

At $534 bln, assets in climate focus show ‘gloomy reality’ 

Interest in sustainable investment is surging but it's doing very little to keep climate change in check, a new Morningstar report says. The number of climate-related funds globally has witnessed a sevenfold increase in the past five years, according to …
September 29, 2023
Asset Managers

BLI teams up with Funds For Good to unveil impact funds

BLI - Banque de Luxembourg Investments (BLI) and Funds For Good on Friday unveiled two new joint impact funds; the FFG European Impact Equities and FFG American Impact Equities. Classified as Article 9 under the EU’s Sustainable Financial Disclosure …
September 29, 2023
Investing

ETFs growing twice as fast as Ucits funds, PwC study shows

EU-domiciled Exchange Traded Funds, or ETFs, are growing at twice the speed of traditional Ucits funds, demonstrating continued appetite among investors for passive and low cost investment vehicles, a deep dive by PwC Luxembourg shows. Between 2012 and …
September 29, 2023
Private Banks,Sector

European banks more profitable than ever

The European banking sector has witnessed a remarkable resurgence, chalking up its best performance since the 2007 financial crisis, according to a recent Deutsche Bank research report. Notably, European banks have narrowed the long-standing performance …
September 29, 2023
Supervision,Laws and Regulations

Esma emphasises digital and green in 2024 programme

The European Securities and Markets Authority, Esma, on Thursday posted its 2024 work programme, emphasising digital and green transitions against a backdrop of economic challenges including inflation and geopolitical strains. Esma said it plans to …
September 28, 2023
Asset Managers

Carmignac appoints four co-managers at Patrimoine fund

Paris-based asset manager Carmignac has announced a series of new appointments to bolster its Patrimoine fund, which has a substantial Luxembourg component. Guillaume Rigeade, Eliezer Ben Zimra, Jacques Hirsch and Christophe Moulin are stepping in as …
September 28, 2023
Asset Servicing

UI eyes distribution boost from Alumia venture

Universal Investment Group on Wednesday announced the launch of a new Luxembourg joint venture Alumia. The firm will operate as Mifid regulated investment advisory firm providing clients with access to innovative investment strategies. The majority stake …
September 27, 2023
Asset Managers,Asset Servicing

Blackstone Europe sets up new office in Luxembourg

Blackstone, the world's largest alternative asset manager, has transitioned its Luxembourg offices to a more expansive space in the Vertigo Polaris Building, demonstrating a solid commitment to its European operations in the Grand Duchy. The inauguration …