Luxembourg’s next move: from Ucits leader to alternatives powerhouse
Long the dominant force in Europe’s cross-border fund industry, Luxembourg is now pivoting towards alternative investments as the asset management landscape shifts.
Bold move: Massive tax cuts for ‘impats’ to boost financial hub
Luxembourg’s bold new tax incentives slash employment income taxation by 50 percent for newcomers as of this year. The new tax incentive aims to secure top global talent for its financial sector.
UI efa boosts alternative investments team
UI efa has strengthened its focus on alternative investments with the appointment of two new business development directors, Emma Causevic and Pamela Valasuo.
Luxembourg wants to climb the value chain in finance
The Luxembourg government on Monday unveiled its 2030 roadmap for developing the financial sector, placing financial innovation at the centre of its ambitions to remain a leading global financial hub. Climbing the international financial-sector value chain, beyond ‘fund services’ and creating more front-office jobs, now has been defined as an official government ambition.
Alternative fund governance in Luxembourg falls short, PwC-ILA survey shows
While strides have been made in governance practices, significant disparities remain across regions and fund types, shows a fund governance survey conducted by PwC Luxembourg and the Luxembourg Institute of Directors, ILA. Especially Alternative Investment Funds have yet to make big steps in governance, it shows.
Albrecht named CEO of Universal Investment Luxembourg
This week’s overview of transfers and appointments in and around Luxembourg includes updates from UI Luxembourg, Waystone, Schroders and Moonfare.
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.
Luxembourg pressed to tighten controls on terrorist financing
Luxembourg’s financial watchdogs are stepping up their scrutiny of terrorist financing amid concerns that the Grand Duchy’s status as an international financial hub makes it vulnerable to abuse by illicit actors.
VanEck uses Dutch market to pilot direct ETF distribution app
VanEck, the US-based pioneer of exchange-traded funds (ETFs), has recently launched VanEck Direct, a new app that enables the company to sell investment products directly to retail investors—bypassing banks and brokers.
Asset owners see tech reducing dependence on managers
Disruptive technology is shaping nearly every aspect of the global asset management industry, from growth and competition to innovation and acquisitions, according to PWC’s Asset and Wealth Management Survey 2024.