AIFMs increasingly prefer sub-funds over new Raifs
A data analysis by Investment Officer makes clear that alternative investment fund managers in Luxembourg increasingly prioritise launching new sub-funds or compartments under established Reserved Alternative Investment Funds, known as Raifs, instead of launching new primary structures.
Raif registrations down 20% for year to date vs 2022
Fund management companies in Luxembourg registered some 22 new reserved alternative investment funds (Raifs) in April 2023, according to publicly-released data updated on 15 May. This development brings the total for this year so far to 128. Considering only the first four months of the year, the total number was down 20 per cent from last year during the same period.
Home to €5.86tn in global assets
The Grand Duchy of Luxembourg was home to a record EUR5.86 trillion in global financial assets at the end of last year, according to new data released on Friday by the country’s financial supervisor CSSF. That is up 17.8 percent from the end of the previous year.