CSSF approves first fully tokenised Ucits fund
Franklin Templeton has secured approval from Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), to launch the first fully tokenised UCITS fund in the country.
LuxFlag chair: ‘We’re entering a new era of labelling’
LuxFlag’s Sustainability Investment Week (LSIW24) kicked off on Tuesday, with several speakers sharing their relative optimism around commitments to ESG and impact investing.
MeDirect may fall into the hands of Czech billionaire
Czech Banka Creditas has made a binding takeover bid for the Maltese group over online bank MeDirect. Behind Banka Creditas is relatively unknown billionaire Pavel Hubáček.
Ireland adopts cautious stance on competing with Luxembourg
Ireland’s decision not to introduce its own version of Luxembourg’s highly successful Reserved Alternative Investment Fund (Raif) signals a cautious approach in the global race for private market leadership and reflects concerns over potential problems with liquidity and valuations in this market.
Luxembourg has high hopes for supercycle in private markets
The annual Luxembourg Private Equity Association (LPEA) Insights Conference drew over 1,000 professionals to the Grand Duchy this year, underscoring the nation’s status as the largest global private markets hub outside the United States.
Lord Mayor of the City of London: ‘We need Luxembourg’
Luxembourg and London reaffirmed their complementary roles in asset management and green finance, with leaders stressing the importance of collaboration on sustainability, digital transformation, and post-Brexit resilience.
Transfer Thursday: State Street, Clearwater, Axa IM
This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from State Street, Clearwater Analytics, Axa Investment Managers, Blackrock and S&P Global.
Draghi report could spark a turning point, says Robeco
The warning that the future of the European Union is at stake, as expressed in Mario Draghi’s report on Monday, could signal a shift in sentiment and perception among policymakers and investors. This is the view of Robeco, outlined in their outlook for the 2025-2029 period.
Exit markets in private equity remain difficult, says Partners
Partners Group, the Swiss-based private markets investment firm that is also a major player in Luxembourg, has reported a significant decline in performance fees for the first half of 2024 because investment exits are being postponed and becoming more difficult.
Aegon AM appoints Shawn Johnson as new CEO
Aegon N.V. has named Shawn C.D. Johnson as the new Chief Executive Officer of Aegon Asset Management (Aegon AM). Johnson will assume his role on 23 September, succeeding Bas NieuweWeme, who is stepping down to pursue other career opportunities. NieuweWeme will remain with the company as an advisor until 1 December to ensure a smooth transition.