Funds

Delano attended the conference Global Distribution Conference organised by the Association of the Luxembourg Fund Industry (Alfi) at the European Convention Center on the Kirchberg on 20 September 2023. Pictured: Adam Henley on screen (J.P. Morgan Asset Management), Olivia Moessner (Elvinger Hoss Prussen), Florent Denys (Arendt & Medernach), Selma Coffey (Waystone) and Raoul Mulheims (Finologee). Photo: Romain Gamba

No game changers on the regulatory front

EU regulations including the Sustainable Finance Disclosure Regulation, Retail Investment Strategy and Digital Operational Resilience Act were among the regulations tackled during an Association of the Luxembourg Fund Industry (Alfi) conference on 20 September.

Sylvain Barrette • 09:35

“Over half the global population lives in cities, generating 80% of total economic output and accounting for 70% of global CO2 emissions,” the World Bank points out in its press release. Hence, the gap fund, which focuses on cities. Pictured: Porto Alegre (Brazil), one beneficiary of the EIB fund. Photo: Shutterstock

Luxembourg pledges €8m to help cities fight climate change

Jeff Palms • 08:47

Sinor Chhor, Nordea Investment Funds; Anouk Agnes, independent director. Seen during the Association of the Luxembourg Fund Industry’s Global Distribution Conference, 20 September 2023. Photo: Romain Gamba/Maison Moderne

Eltifs, regulation, fund platforms mulled over at Alfi fund distribution conference

Delano.lu • 20.09.2023

Silke Bernard (Linklaters) and Stefan Staedter (Arendt & Medernach) gave Delano their views on the revised Eltif 2.0 regulation this summer. Photos: Romain Gamba/Maison Moderne; Arendt. Montage: Maison Moderne

“There is appetite for Eltifs and we expect a significant growth”

Lydia Linna • 19.09.2023

In a strategic move to benefit from Ireland’s lower withholding tax rate, Amundi is set to shift two more Luxembourg-based ETFs to its Irish collective management vehicle. Photo: Shutterstock

Amundi shifts €6.7bn of Luxembourg ETFs to Irish domicile

Kangkan Halder • 19.09.2023

As of August 2023, the year-to-date net inflows of $96.05bn make it the second-highest grossing year for the industry, following the $138.94bn amassed in 2021. Photo: Shutterstock

European ETFs market thrives in August with $8.95bn net flows

Kangkan Halder • 19.09.2023

Jiří Król, global head of the Alternative Credit Council, and Matthias Kerbusch (on the right), a Luxembourg-based partner at Dechert, were co-authors of a recent analytical survey on private credit funds. Photos: Dechert, Montage: Maison Moderne

$1.5trn private credit market sees rise in customisation and retail participation

Kangkan Halder • 18.09.2023

“If interest rates stay at (or near) current levels (or increase further) for longer than expected, it is likely that there will be a reduction in the availability of funding to support private finance activities,” cautioned a recent Iosco report. Archive photo: Maison Moderne

Iosco report highlights emerging risks in burgeoning private finance sector

Kangkan Halder • 18.09.2023

Luxembourg recorded €35.78bn of net outflows for Ucits in the second quarter of 2023 and €9.32bn of net inflows for AIFs, said Efama’s latest statistical report. Photo: Shutterstock

Efama: Luxembourg’s Ucits and AIF assets at €5.2trn in Q2 2023

Lydia Linna • 18.09.2023

“We’ve already had one Luxembourg fund manager interested in using the service,” confirmed a representative of Amicorp to Delano. Photo: Shutterstock

Amicorp debuts ESG reporting and rating service

Kangkan Halder • 15.09.2023

“Financial entities will be overwhelmed with drafting procedures, filling in templates and gathering data, when their attention should be focused on prevention, detection and swift reaction to threats,” if the current draft of the EU’s Digital Operational Resilience Act is approved, Zuzanna Bogusz, regulatory policy advisor at the trade group Efama cautioned. Photo: Shutterstock

Efama calls for proportional Dora compliance

Kangkan Halder • 14.09.2023

David Claus was appointed CEO of European Depositary Bank and member of the board of directors in June 2022. Photos: Provided by European Depositary Bank. Montage: Maison Moderne

David Claus: “We need to continue to up the game”

Lydia Linna • 12.09.2023

“Unregulated funds have attracted more interest and increased their asset value by 52%, while regulated funds have declined by 14%,” said Monterey Insight managing director Karine Pacary. Photo: Jeremie Souteyrat

State Street, PwC, JPMorgan, Arendt top fund service provider rankings in Luxembourg

Lydia Linna • 12.09.2023

“Alternatives have become crucial for financing companies and investing in the built environment in Europe,” said Alex Murray, Preqin’s VP, head of real assets, research insights. “The adaptability of alternatives will be no less crucial in the coming years, as risks emerge for Europe’s continued economic prosperity.” Photo: Provided by Preqin

Preqin: Luxembourg’s share of European assets up to 62% in 2022

Lydia Linna • 08.09.2023

Side pockets are created to hold an investment fund’s most illiquid, difficult to value and/or riskiest assets separately. Photo: Shutterstock

Jargon buster: side pockets

Aaron Grunwald • 08.09.2023

“Strong partnerships are essential to driving the energy transition,” says Michael Schneider, co-founder and co-CEO of Econnext. Photo: Shutterstock

Luxembourg’s EDB and Apex Group extend credit to climatetech firm Econnext

Kangkan Halder • 07.09.2023

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