Esma faces uphill battle to emerge as European SEC
In an interview with Investment Officer, Esma chair Verena Ross outlined her vision and the significant challenges ahead as the regulatory body aims to become Europe’s equivalent to the US SEC.
Eltif growth meets market reality
An Irish long-term investment fund has suspended redemptions after investor withdrawals exceeded its limits, marking the first gating event in the European market and exposing the structural tension at the heart of the product.
Morningstar: two speeds at Blackrock and UBS AM
Blackrock is an established behemoth with total assets that easily overwhelm its closest rivals, while UBS Asset Management is rebuilding following the acquisition of Credit Suisse Asset Management.
Christine Lagarde has always remained a politician
Faithful readers of this column know that I am deeply concerned about the politicization of the European Central Bank (ECB). Lessons from monetary history and piles of academic research support that concern: we simply know that a central bank that listens to what politicians want is bad news for inflation in the medium term.
Investors underestimate risk capacity Yale finds
For decades, investors have been told to balance risk with a simple formula: the 60/40 split between stocks and bonds. New research from Yale argues that approach is fundamentally flawed, leaving many savers too conservatively positioned to maximise long-term wealth.
Het einde van de macrobelegger
Als er iets is dat de beleggingswereld kenmerkt, dan is het dat die vol zit met clichés, papegaaien en een enorme tegenzin als het gaat om verandering. Het is soms lachwekkend hoe beursexperts twintig jaar lang dezelfde oneliners produceren of je bedelven onder hun ‘beurswijsheden’.
‘Health care can regain its role as a safe haven’
The health care sector continues to lag behind the broader equity market, but according to sector analysts, investor pessimism is overdone. Innovation, improving earnings growth, and declining political risks could give the sector renewed momentum in the coming years.
Transfers: Quintet, BNPP AM, Arendt, CSSF, Aztec, HSBC, Deutsche
This week’s overview of appointments and transfers includes updates from Quintet, Arendt, CSSF, Aztec Group, HSBC, Deutsche Bank, EdRAM, and Fidelity.
From Middle East uncertainty to Singapore and Luxembourg
As geopolitical tensions rise, capital is quietly repositioning. Luxembourg is emerging as a European anchor for globally minded family offices, with Singapore reinforcing the shift from the Asian side.
Luxembourg slams idea of centralized EU supervision
The elephant in the room, centralized supervision, was impossible to avoid during the Association of the Luxembourg Fund Industry’s annual Global Asset Management Conference in Kirchberg on Tuesday. Though in favor of supervisory convergence, Luxembourg remains firmly against centralized supervision by Esma, the European securities and markets authority.