Tax breaks seen as essential for Eltif success in European markets
European ambitions to boost capital flow through increased retail investment, exemplified by the European Long-Term Investment Fund (Eltif), hinge on tax incentives to encourage widespread savings, essential for success.
Luxembourg’s financial script fuels global indie films
Luxembourg fund vehicles are increasingly being used to finance international independent film production.
MFS Luxembourg eyes active ETF market expansion
MFS CEO Mike Roberge and Luxembourg head Michael Derwael see actively managed funds - ETFs and mutual funds - as benefitting from a return to higher interest rates, which would take away market share from passive investments and private markets.
‘Raif structures now surpass specialised investment funds’
The latest CSSF data reveals a decline in new registrations of Luxembourg alternative investment funds since the first quarter of this year. However, reserved alternative investment funds continue to demonstrate resilience, driven by recent legislative updates and steady demand.
ING ejects Luxembourg retail clients in private banking push
ING Luxembourg has decided to eject thousands of mass retail clients in the grand duchy as part of a strategic transformation in which it plans to boost its focus on more profitable private banking services.
Defining ‘value for money’ bewilders asset managers
Asset managers are expressing concerns over the European Commission’s lack of a clear definition for “value for money,” arguing its subjective nature complicates the assessment of investment service costs amidst new regulatory pressures.
High rates, sub-funds keep Raif registrations in check
Registrations of new Reserved Alternative Investment Funds (Raifs) in Luxembourg slowed in April, continuing a decline from last December’s peak, reflecting higher interest rates and a market shift towards sub-funds under existing structures.
6M, as licensed AIFM, bets on growth in crypto ecosystem
Crypto assets, as an asset class, have seen soaring valuations and scandals over the years. One Luxembourg AIFM thinks this country’s nascent crypto asset ecosystem is primed for growth from institutional investors when all the puzzle pieces finally fit together.
AML efforts stymied by lack of qualified staff, PwC finds
Despite constant new regulations and sophisticated technology, one of the main reasons why money-launderers and terrorism financiers continue to succeed is a simple lack of qualified personnel able to make effective use of such tools, according to a recent survey carried out in the Europe, Middle East and Africa (EMEA) region by global accounting firm PwC.
Yeldo business model based on Luxembourg Raifs, securitisation
Among the recently registered AIFs in the CSSF’s AIF Identifiers dataset is “Yeldo Varedo S.C. SP”, a fund registered on behalf of Yeldo, an Italian/Swiss investment manager focusing on originating real estate deals. The firm has made use of Luxembourg structures such as the reserved alternative investment fund (Raif) since its inception.