FINANCE - FUNDS

Ara City Radio

Alternative funds summit and government press conference: Delano’s top of the week



Delano’s Aaron Grunwald is seen at Ara City Radio’s studios for Delano’s top of the week segment, 29 November 2021. It was Tom Clarke’s first day as host of Ara City Radio’s breakfast show. Staff photo

Delano’s Aaron Grunwald is seen at Ara City Radio’s studios for Delano’s top of the week segment, 29 November 2021. It was Tom Clarke’s first day as host of Ara City Radio’s breakfast show. Staff photo

The Association of the Luxembourg Fund Industry’s annual alternative investment funds conference was the main topic for Delano’s top of the week segment with Delano’s Aaron Grunwald and Ara City Radio’s Tom Clarke on Monday morning.

The investment fund industry is an important part of Luxembourg’s economy, with alternative funds fast-growing part of the sector. Alfi’s private equity and real estate conference, which takes place on Tuesday and Wednesday in Kirchberg, draws some 500 to 600 attendees from across Europe, the US and Asia.

During Delano’s top of the week segment on Ara City Radio, Delano’s Aaron Grunwald explained that alternative investment funds are designed for professional investors, like pension fund managers, or for wealthy individuals, and are not the type of retail funds available from a local bank or online brokerage.

The investment funds sector employs about 5% of Luxembourg’s total workforce and contributes billions of euro each year in taxes to the state. While alternative funds are a relatively small portion of Luxembourg’s overall investment industry, last year they grew more than twice as fast than the traditional retail funds segment.

During the Alfi conference, fund managers, legal, tax and marketing advisors, and technical specialists will discuss the complicated rules funds must comply with. For example, the EU’s new Sustainable Finance Disclosure Regulation, which aims to prevent greenwashing. The conference will also cover shifting trends in the industry, like the aging population and efforts to boost diversity and inclusion in what is still a somewhat macho industry.

On the agenda

The prime minister, Xavier Bettel (DP), and health minister, Paulette Lenert (LSAP), are scheduled to hold a press conference on Monday at 5pm, following a cabinet meeting that could see the government introduce fresh pandemic measures to counter the omicron variant.

Noting that covid rules could change, Aaron suggested listeners attend the World Press Photo exhibition at Neimënster (Wednesday 1 December to Monday 20 December); Internations’ “Arts without borders” fundraiser to support a Doctors Without Borders children’s hospital in Sierra Leone (Friday 3 December to Sunday 5 December); and the British Ladies Club’s children’s Christmas party, which is open to non-members, in Beggen (Saturday 4 December, 2pm to 4pm).

Listen to Delano’s Top of the Week:

Tune in to Ara City Radio on 102.9 and 105.2 FM every Monday morning between 8:30am and 9am to hear the Delano feature.

Editor’s note: Following Monday morning’s broadcast, the Association of the Luxembourg Fund Industry said that this week’s conference would be fully digital, “in view of new official government measures to be announced this afternoon”.