Transfer Thursday: Carmignac, CMS Luxembourg, Mainstreet
This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Carmignac, CMS Luxembourg, and Mainstreet Partners.
UBS launches tokenised money market fund
UBS Asset Management has expanded its digital asset capabilities with the launch of the “UBS USD Money Market Investment Fund Token” (uMINT), a tokenised money market product built on Ethereum’s distributed ledger.
Transfer Thursday: State Street, Vistra, RBC Bluebay
This week’s overview of industry appointments in and outside Luxembourg includes updates from State Street, Vistra, RBC Bluebay Asset Management, and Cyberr.
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.
Transfer Thursday: Edmond de Rothschild, Zedra and HSBC
This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Edmond de Rothschild Asset Management, Zedra and HSBC.
Market share of passive investing in Europe is growing significantly
More than half of the investment funds and ETFs sold in Europe now consist of passive investments. Over the past three years, this market share has increased from 34% to 56%. This trend is largely driven by two major US firms, BlackRock and Vanguard.
Asset owners bullish on hedge fund growth, study shows
Institutional investors are predicting significant growth and risk-adjusted returns in the hedge fund sector over the next few years, according to new global research from Beacon Platform Inc., a provider of portfolio analytics and risk management solutions.
Transfers: Crédit Mutuel AM, Esma, Schroders, Carmignac, Vistra, M&G
This week’s overview of transfers, appointments, promotions and other career news in the fund and asset management community in and outside Luxembourg includes updates from Crédit Mutuel Asset Management, the European Securities and Markets Authority (Esma), M&G, Schroders, Carmignac and Vistra.
Finance minister Roth pledges bigger bonuses for Luxembourg
Luxembourg’s finance minister, Gilles Roth, has outlined plans to reform the country’s profit-sharing bonus regime and expat tax policies to enhance its attractiveness to international talent.
Transfer Thursday: Altaroc, Schroders, Euroclear, Candriam
This week’s overview of transfers, appointments, promotions and other career news in the international fund and asset management community includes updates from Altaroc, Schroders, Euroclear and Candriam.