Serge Weyland is chief executive officer at Edmond de Rothschild Asset Management (Luxembourg). Photo: Edmond de Rothschild (Europe)

Serge Weyland is chief executive officer at Edmond de Rothschild Asset Management (Luxembourg). Photo: Edmond de Rothschild (Europe)

The European Parliament voted to formally approve amendments to the European Long-Term Investment Fund (Eltif) regulation in February 2023. Following publication in the EU’s official journal, they entered into effect on 9 April. Delano talked about the impact of these changes with eight industry figures.

As part of this series, we asked Serge Weyland, chief executive officer at Edmond de Rothschild Asset Management (Luxembourg), about how Eltif 2.0 would impact Luxembourg, in particular for asset managers. Weyland told Delano:

“Eltifs could become a true pan-European vehicle solution for onboarding private investors into private asset strategies, and as a replacement for some of the more local solutions that exist today. Another opportunity for Luxembourg as a domicile is the fund-of-funds space. Eltif provides a very flexible tool to increase or broaden the distribution of these fund-of-fund products. They’re a great strategy for private investors or high net worth individuals in terms of asset diversification.”

Weyland stated: “Eltif 2.0 also presents the opportunity to create secondary markets for retail investors, which can help create liquidity. Blockchain technology and the distributed ledger concept may, for example, open up opportunities for tokenised Eltifs.”

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