Wealth Managers

Belgian investor Frank Vlayen has taken a 47.5 percent stake in Antwerp-based Leo Stevens Private Banking. CEO Ive Mertens believes this deal will solidify the stockbroking firm’s independent trajectory.

European regulators, especially those in Paris and Luxembourg, are at odds over the regulatory and technical standards for the updated European Long Term Investment Funds scheme, known as Eltif 2.0, according to people familiar with the discussions.

This week’s overview of transfers, appointments and promotions includes updates from Alumia, Wealth Management Partners and Newton Investment Management.

M&G Investments on Monday said it is launching its first European Long Term Investment Fund, known as Eltif, as part of a new 500 million euro private credit strategy. The fund will be known as M&G Corporate Credit Opportunities.

Despite declining valuations in private equity, Schroders Capital’s European private equity chief Richard Damming remains confident, dismissing concerns as mere industry “noise”.

In the face of fluctuating private equity valuations, Damming reassures that they remain undeterred. “You sell a company at the price you want to sell it for, and otherwise you don’t sell it,” says the head of Schroders’ European PE branch. 

Over the past decade, government initiatives have significantly curbed international tax evasion. However, the real impact of these measures remains a subject of debate. A new report now calls for a global minimum tax for the world’s ultra-rich.

The industry’s objections to a divisive EU Retail Investment Package are being heard in Brussels, it has become clear in recent weeks. Investors could end up pulling the short straw, critics argue. ABBL says a clearer definition of retail investors is important for private banks and wealth managers.

Sustainability data has emerged as a vital component for investors, but they grapple with a plethora of providers and inconsistent standards. How can this disjointed landscape be streamlined for clarity and coherence?

Real estate dominates the investment portfolios of top athletes, especially footballers, but experts caution on the risks and stress diversification.

Luxembourg and the Cayman Islands are the two most popular fund domiciles for private credit fund managers, according to research by the Alternative Credit Council and law firm Dechert LLP. The Luxembourg Reserved Alternative Investment Fund (Raif) emerged as the preferred vehicle to invest in EU-based private credit assets.