Fine for Vistra over valuation errors heralds new regime in Luxembourg
Luxembourg’s financial regulator has issued a relatively small fine for a class of transgression with huge implications for the industry: valuations of funds, in particular for unlisted alternative investments.
Breaking into the trillion-dollar club: Europe’s asset management challenge
European asset managers must pursue economies of scale to stay competitive with their US counterparts, argues Vincent Juvyns, a market strategist at JP Morgan Asset Management. Fragmentation across Europe’s capital markets is also a key issue that hinders competitiveness, he says.
The French have made the ‘banking dream’ come true with BNP-AXA deal
French banks are making significant strides that could reshape the European asset management landscape. The acquisition of AXA Investment Managers by BNP Paribas heralds a new era under Basel III regulations, according to Mediobanca Andrea Filtri. “The once-forbidden dream is now reality, opening new horizons for mergers and acquisitions,” he said.
Euroclear expands private market reach with Blackrock deal
Euroclear, the Brussels-based securities custodian and settlement giant, has taken a significant step forward in the private markets space by securing a partnership with BlackRock, the world’s largest asset manager.
Shift to passive investing forces asset industry to reinvent itself
The first half of 2024 revealed contrasting fortunes for European asset managers as they navigate volatile markets, shifting investor sentiment, and regulatory pressures.
M&G faces significant net client outflows in first half
Despite efforts to streamline operations and cut costs, UK-headquartered asset management and insurance firm M&G continues to face challenges in adapting to a shifting market environment and evolving client preferences.
BNP Paribas wants to acquire AXA IM for €5.1 bln
BNP Paribas Group announced on Thursday that it has entered into exclusive negotiations to acquire AXA Investment Managers (AXA IM) from AXA.
Luxembourg centre-stage as State Street finetunes its European ops
With the recent appointment of Luxembourg branch manager Riccardo Lamanna to an executive role at State Street Bank International, the Boston-based financial services firm now is refining its European operations from Luxembourg.
‘The people who created the Sicar were like startup entrepreneurs’
The celebration of the 20th anniversary of the Sicar structure, Luxembourg’s first private markets fund vehicle, has underlined the need for further reforms in Luxembourg and its globally envied fund management sector.
Lack of reliable data seen as main obstacle to ESG
A lack of reliable Environmental, Social, and Governance (ESG) data is significantly hindering the implementation of the European Union’s sustainable finance regulations, according to a survey by the CFA Institute.