Luxembourg AIF assets top 1000 billion euro for first time
Although growth in Luxembourg’s alternative investment funds market slowed in 2020, it remained significant, bringing the total of alternative assets managed in the Grand Duchy above the 1000-billion-euro mark for a first time, according to new data released by financial regulator CSSF.
ALFI: Industry pleased with limited AIFMD reform proposals
The reaction to recent European Commission proposals for AIFMD II reform from Luxembourg finance industry participants was positive. On the whole, changes have been kept to a minimum. For Luxembourg this means the alternative fund industry’s current business model does need to change, but the country will have to manage some more back-office tasks, and needs to ensure some more substance.