CSSF flags 2025 upgrade of valuation practices in Luxembourg
In a move to strengthen valuation practices across the investment fund industry, Luxembourg’s financial supervisor CSSF on Wednesday unveiled a glimpse of plans to revise its valuation guidelines for investment fund managers. The update is due in 2025.
Chinese equities ‘is the trade to do for the next six months’
China’s latest stimulus package, aimed at reviving its economy, could trigger a significant rally in equities over the next six months, according to renowned China watcher Louis-Vincent Gave, managing director and co-founder of Hong Kong-based Gavekal Research. “I believe it’s the trade to do for the next six months.”
Quintet lifts UBP team to target 100,000 Finnish millionaires
Quintet Private Bank announced on Thursday the launch of its Luxembourg-based Finnish desk by building a new team that crossed over from competitor Union Bancaire Privée.
Morgan Stanley banker Albuquerque faces scrutiny as EU finance chief
Former Portuguese finance minister and Morgan Stanley banker Maria Luís Albuquerque, known for her austerity-heavy tenure during the eurozone crisis, is now the European Commission’s nominee for the influential role of Commissioner for Financial Services. Her appointment has already ignited controversy.
Allianz CIO sees a ‘unique opportunity’ for deal with China
In a world where AI dominates and geopolitics shift rapidly, Allianz’s CIO Virginie Maisonneuve embraces ‘Digital Darwinism’, steering investment strategies through innovation, China’s rise, and Europe’s struggle to regain its competitive edge.
Shift to passive investing forces asset industry to reinvent itself
The first half of 2024 revealed contrasting fortunes for European asset managers as they navigate volatile markets, shifting investor sentiment, and regulatory pressures.
Investors are using defence ETFs as a ‘flight to safety’
As geopolitical tensions escalate and global defence spending increases, a growing number of investors are turning to defence-focused exchange-traded funds (ETFs). These funds not only provide a hedge against uncertainty but also present opportunities for capital growth.
M&G faces significant net client outflows in first half
Despite efforts to streamline operations and cut costs, UK-headquartered asset management and insurance firm M&G continues to face challenges in adapting to a shifting market environment and evolving client preferences.
Exit markets in private equity remain difficult, says Partners
Partners Group, the Swiss-based private markets investment firm that is also a major player in Luxembourg, has reported a significant decline in performance fees for the first half of 2024 because investment exits are being postponed and becoming more difficult.
Nvidia disappoints with revenue expectations, delays new chip
Nvidia, the crown jewel of the AI revolution, failed to meet investors’ high expectations on Wednesday night as its third-quarter revenue forecast fell short due to a snag in the production of its new Blackwell chip.