EFG, Edmond de Rothschild signal accelerating consolidation
Separate moves by Swiss-based EFG and Edmond de Rothschild highlight the intensifying competition among firms seeking scale and specialisation in a rapidly evolving sector.
Luxembourg unveils new sustainable finance strategy
The Luxembourg Sustainable Finance Initiative (LSFI) has launched its Luxembourg Sustainable Finance Strategy 2030, outlining its vision for advancing sustainable finance in the country over the next five years.
Stock exchanges face scrutiny over soaring data fees
European stock exchanges are becoming increasingly reliant on selling market data to offset declining trading revenues, a trend that industry experts warn could hinder market growth and innovation.
Norway’s €1.7 trillion wealth fund in conflict with Musk over pay
Norway’s sovereign wealth fund, the world’s largest asset manager, has become embroiled in an escalating conflict between CEO Nicolai Tangen and Elon Musk, after recently released text messages revealed a heated exchange over Tesla’s $50 billion pay package.
World teeters on brink of geopolitical and environmental crises, warns WEF
The world faces mounting challenges in 2025, according to the latest Global Risks Report published by the World Economic Forum.
Europe’s largest asset manager emerges from BPCE, Generali deal
Paris-based BPCE and Milan-headquartered Generali are joining forces in a 1,900 billion euro asset management venture, set to dominate Europe’s market by revenue.
The market maintains confidence in US insurers despite wildfires
The “outrageous” prediction by Saxo Bank of a major climate disaster impacting the insurance industry in 2025 became a reality last week. The effects of California’s wildfires are being felt within the insurance sector. However, the predicted crisis has not materialised, as investors remain confident in the industry’s resilience.
Alumia partners with CIFC in alternative credit
Luxembourg-based investment advisory firm Alumia has announced a partnership with CIFC Asset Management, an alternative credit specialist headquartered in Miami.
Sustainable funds rush to rebrand amid greenwashing crackdown
Asset managers are scrambling to rebrand their sustainable investment funds as stepped-up regulatory crackdowns on greenwashing risk deepening fragmentation in the industry, experts warned at the Morningstar Sustainable Investing Summit in Amsterdam.
NATO’s top admiral urges EIB to boost European defence funding
NATO’s top military commander, admiral Rob Bauer, has urged the European Investment Bank (EIB) to expand its support for the defence sector, pointing out that the EIB’s current restrictions limit Europe’s security capabilities at a critical time.