Wealth Managers

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.

Once a rising star among investment options, private credit now faces headwinds as defaults increase and traditional banks re-enter the fray as competitors.

Quintet Private Bank, based in Luxembourg, has forged a partnership with Berlin-based digital investment platform Moonfare. The alliance aims to bolster Quintet’s private-market offerings to select clients while extending Moonfare’s distribution reach.

Global investors are increasingly favouring businesses with localised supply chains in response to geopolitical uncertainty and inflation, according to the Schroders Institutional Investor Study for 2023.