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.
The hunt for European asset managers has begun
With the acquisition of Axa Investment Managers by the French banking group BNP Paribas, the European asset management sector strengthens its position against “the Americans”. However, more is needed to halt the shift of managed assets from Europe to the United States.
Interest rates fall, but recovery remains elusive in China
China’s 10-year bond yield has recently dropped below 1.6 percent, a consequence of a weakening economy plagued by deflation. For the first time in 14 years, restrictive monetary policy has shifted towards a moderately expansionary stance. The goal: to support the economy and repair reputational damage.
Transfers: Carmignac, Waystone, Baloise, Edmond de Rothschild
This week’s overview of transfers and appointments in and around Luxembourg includes updates from Waystone, Carmignac, Baloise, Edmond de Rothschild, Bfinance, and Euroclear.
Aviva fine marks start of SFDR enforcement era in Europe
As Europe’s watchdogs tighten scrutiny on Article 8 funds, managers must now defend their classifications or risk being challenged across EU markets.
Robeco CEO Van Baardwijk: Private banks seek larger allocations per fund house
Strategic partnerships are not only a trend for pension funds and fiduciary managers, said Robeco CEO Karin van Baardwijk. “Private banks are looking for larger allocations per asset manager. That creates opportunities to get more out of the relationship. However, it also means that there are fewer fund houses on the shelf.”
Market concentration higher than during the dotcom bubble in 2001
The concentration risk in equity markets is growing as US megacap technology companies continue to attract capital. Diversification, often seen as the only “free lunch” in investing, risks coming at a cost.
Argentina's supply-side economy
Argentina was once one of the wealthiest nations in the world, richer than France or Germany. Much of its prosperity was based on beef exports. Today, however, many Argentinians can no longer afford beef and have turned to chicken as a cheaper alternative.
2025: The year that EU financial reforms face their real test
The European Union is preparing its next wave of financial sector reforms, and 2025 could mark a turning point.
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.