State Street: Private markets appeal to European investors
Private markets, in particular those for digital infrastructure investments, continue to appeal to European institutional investors, according to a global survey among 480 institutional investors presented on Tuesday by State Street. The survey also shows that European investors are a bit more reluctant than others to invest in private equity.
CSSF drafting EU best practice for handling NAV errors
Financial regulators across Europe are keeping a close eye on their Luxembourg counterpart CSSF, which is reviewing its rules that tell investment firms how to handle errors in calculations of Net Asset Values, or NAVs. “I think that we may consider the CSSF approach as a best practice.”
State Street Luxembourg embraces transformation
Investment services powerhouse State Street, leader in Luxembourg’s asset services market, is undergoing a transformation. The upcoming integration of Brown Brothers Harriman, data management, ESG requirements, digital asset management and the rollout of its upgraded Alpha business platform are on top of mind for country head Ricardo Lamanna. “We create an environment where we progressively shift from being an operational organisation in Luxembourg to being a client-facing organisation.”