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Date
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April 8, 2024
Supervision,Institutional

Lombard Intl hit with record €1.68 mln fine over AML flaws

Luxembourg's Commissariat aux Assurances (CAA) slapped Lombard International Assurance with a record 1.68 million euro fine for lapses in its anti-money laundering (AML) and counter-terrorism financing (CTF) controls. This enforcement action underscores …
April 8, 2024

McKinsey: Private markets hit a rough patch

The roller coaster ride of the private markets hit a notable dip in 2023, per McKinsey & Company's annual deep dive. Last year, the industry saw a global fundraising decrease of 22 percent to a little over one trillion dollars, marking the lowest point …
April 8, 2024
Investing,Opinion

We don’t want growth!

Growth has turned into our modern-day holy grail—a beacon that politicians, companies, and individuals relentlessly chase, often with promises and aspirations that border on the fantastical. Every election cycle, candidates tout it as their deliverable. …
April 5, 2024
Products

Global equity funds: spotlight on Allianz Best Styles

We embark on the second quarter with the launch of a revised feature: the Morningstar Fund Radar. In this weekly column, succeeding the previous Top 5 analysis, Morningstar’s fund analysts examine the state of affairs within a particular asset class, then …
April 4, 2024
Asset Servicing

Apex claims first with digital ledger for Hamilton Lane fund

Apex Group announced on Wednesday that it has become the first fund administrator to utilise blockchain technology as a book of record. This innovation has led to the introduction of a new, digital share class and a Distributed Ledger Technology (DLT) …
April 4, 2024
Asset Servicing

LGIM uses Lux Raif umbrella fund to sell unlisted debt

Legal & General Investment Management (LGIM) on Wednesday has announced that it has launched its Short-Term Alternative Finance Fund under its newly created umbrella fund platform leveraging the Luxembourg regime for Reserved Alternative Investment Funds, …
April 4, 2024
Transfers

Transfer Thursday: Amundi, Arthur D. Little, IIA, ACA, EFG

This week’s overview of transfers, appointments, promotions and other people news includes updates from Amundi, Arthur D. Little, IIA Luxembourg, ACA and EFG.  Martin Rauchenwald Martin Rauchenwald (photo) has been appointed as managing partner and global …
April 4, 2024
Opinion

Asset managers don’t come to Luxembourg for the weather

After reading some comments that speculated on the future of the fund industry in Luxembourg, I wanted to share my honest and personal views on this topic.  I do not have a crystal ball, so cannot say if the predominant role of Luxembourg as a fund …
April 3, 2024
Laws and Regulations

Under pressure, SEC loosens disclosure requirements

The Securities and Exchange Commission (SEC) has revised its climate reporting requirements under pressure from politicians and the business community. Whilst the mandatory scope 3 reporting from Europe – necessitating large and publicly traded companies …
April 3, 2024
News

Eltif 2.0: ‘The threshold reduction is a gamechanger’

Nearly a decade after the European Long-Term Investment Fund (Eltif) made its initial, albeit underwhelming, debut, Natixis Investment Managers heralds the arrival of its successor, Eltif 2.0. "The threshold reduction is a gamechanger," said Anne Macey, …