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June 7, 2023

CSSF: Luxembourg fund assets decline 0.19% in April

 Luxembourg investment funds experienced a slight decrease in net assets during April, reflecting market fluctuations and uncertainties. The total net assets amounted to 5,139 billion euro as of 30 April 2023, down 0.19 percent from the previous month's …
June 7, 2023
Asset Managers,Products,Wealth Managers,Technology

GP Bullhound sees 2023 as ‘great vintage’ for tech

A stellar performance of a small number of listed tech companies is largely responsible for the recent recovery in public stock markets. For Ben Prade, partner at international tech investor GP Bullhound, it remains to be seen whether this can serve as a …
June 7, 2023
Opinion

Housing: timing and luck

To give me a better life than they had, my parents helped me develop a strong work ethic and invested heavily in my education. Just like them, at the age of 30, I bought a 4-bedroom house suitable for raising a family in. Their investment paid off. If …
June 6, 2023
Sector,Laws and Regulations

ABBL: EU retail investment plan is ‘controversial’

Luxembourg banking association ABBL on Monday said it sees the EU’s new retail investment plans as “controversial”, warning that the package that aims to prioritise consumer interests and strengthen investor protection “may have unintended consequences” …
June 5, 2023
Asset Servicing

FundRock to service Partners Capital’s Master C fund

FundRock Management Company, a unit of Apex Group, has been appointed by Partners Capital to provide ManCo services for their flagship fund.  FundRock will provide ManCo services for Partners Capital's flagship fund, the Master Portfolio C fund, following …
June 5, 2023
Opinion

The end of the dinosaurs!

Financial stability as we have always known it is showing cracks. The climate in the financial markets is changing. Despite earlier assumptions, it turns out to be a definitive shift. To thrive in a new climate, adaptability is needed. Market participants …
June 4, 2023
Asset Managers,News,Wealth Managers

UK-EU MoU could end mutual lack of trust, rebuild bridges

A Memorandum of Understanding on financial services agreed between the EU and the UK, published on 19 May, could elevate the tone of the discussions and lead to a more productive relationship. It could offer as great a benefit to Luxembourg as it could to …
June 2, 2023
Asset Managers,Private Banks

Pictet moves its European hq out of Luxembourg

Swiss private bank Pictet has decided to move its European headquarters to Frankfurt, relocating the function from Luxembourg. The grand duchy has served as the main European hub of the Geneva-based private bank for about three decades. The  bank said …
June 1, 2023
Sector,Supervision

EU regulators attempt to define greenwashing

Europe’s top financial regulators on Thursday presented a first official definition of greenwashing as part of a common approach for cracking down on greenwashing practices among banks, asset managers and insurance companies, turning up the pressure on an …
May 31, 2023
Products

terrAssisi fund: ESG investing inspired by Saint Francis

In an age where financial success often overshadows our responsibility towards the environment and society, there is a growing need for investment strategies that align with our values and contribute to a sustainable future. Enter the terrAssisi Equity …