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.
CSSF urges Luxembourg’s IFMs to strengthen delegation oversight
Luxembourg’s financial regulator CSSF has delivered a sharp warning to the country’s Investment Fund Managers (IFMs) regarding weaknesses in oversight practices when delegating portfolio management. The CSSF’s latest review highlights specific shortcomings, particularly in conflict of interest management and contingency planning, that could expose IFMs to regulatory risk and potential operational failures.
Unreliable data could turn AI dreams into costly nightmares
With the hype around artificial intelligence and despite its high-profile failures and misuses, it’s clear the global financial sector has plenty of interest in AI, especially in hopes of finding yet another way to outsource low-complexity work. Many large financial firms have set up special departments to explore and lead the introduction of the technology in its various product offerings.