Alternative investment funds last year took a bigger slice of the Luxembourg pie, a new study said on Wednesday. In terms of assets under management, alternative funds accounted for more than a third of the total last year, compared to a quarter a year earlier.
The data stems from the latest edition of the Observatory of Management Companies, published annually by PwC Luxembourg.
Alternative investment funds accounted for 1,672 billion euros, up 24 percent from a year earlier, boosted by a 45 percent increase in non-regulated funds, which accounted for just over one trillion euro at the end of last year.
Luxembourg’s total assets under management fell to 4,944 billion euro last year from a record 5,315 at the end of 2021, reflecting declining asset values in global financial markets last year. Assets held in traditional Ucits investment funds declined to 3,272 billion euro last year and accounted for 66 percent of the total, compared to 75 percent in 2021.
Investment Officer Luxembourg will publish a more elaborate article on the PwC Management Company Observatory on Thursday.