Chart of the week: one big beautiful lie
It’s done. With the deciding vote cast—no less—by Vice President J.D. Vance, the “One Big Beautiful Bill” passed in the US Senate. Yet another piece of evidence that bond investors stubbornly refuse to acknowledge: their asset class is becoming obsolete.
Alto! Amundi casts a European spell on Aladdin
Amundi COO Guillaume Lesage, in an interview, reveals how Alto is trying to break Aladdin’s spell, offering a European SaaS alternative in portfolio management tech.
Hind El Gaidi named LPEA president, succeeding Mansfeldt
Hind El Gaidi, head of Luxembourg at ICG, has been appointed president of the Luxembourg Private Equity and Venture Capital Association (LPEA).
U.S. tax risk persists, even as Section 899 is shelved
The U.S. has dropped plans for a controversial tax provision that would have targeted foreign investors, but tax experts say the risk of fiscal retaliation hasn’t gone away.
AI and the balanced portfolio
For generations of investors, the gospel was simple: invest in a balanced portfolio with 60 percent stocks and 40 percent bonds. This sacred formula was passed down from wealth manager to wealth manager, from father to son, as an immutable law of financial physics. But what happens when artificial intelligence scrutinizes this age-old wisdom?
Transfers: Luxflag, Baker McKenzie, EFG, EuroCTP
This week’s overview of people transfers and appointments includes updates from Luxflag, Baker McKenzie, EFG Bank, and EuroCTP.
How volatile markets are changing financial advice
Investment advisors are getting better at their jobs, according to the distribution teams at asset managers who work closely with them. They’re using more data, stress-testing portfolios against historical scenarios, and educating their clients more effectively. This leads to more stable behavior among end investors.
Industry pushback against Brussels over SIU trading reforms
A powerful coalition of European financial trade associations has urged the European Commission not to adopt a U.S.-style trading framework under its flagship Savings and Investments Union (SIU) initiative.
Eurosif: Europe is cutting too much from sustainability reporting
Eurosif, a pan-European association that promotes sustainable finance at the EU level, is deeply concerned about the European Commission’s proposals to ease corporate sustainability reporting requirements. “Investors will be less well-informed,” warns Aleksandra Palinska.
No businesses, no favorable investment climate in Europe
It’s hard to speak of a favorable investment climate when companies are leaving. While the shine may have worn off American exceptionalism, Europe’s problems remain unresolved as long as European companies continue relocating their headquarters abroad.