JP Morgan, State Street dominate Luxembourg fund industry
JP Morgan and State Street have reinforced their dominance in Luxembourg’s fund industry, according to the latest Monterey Insights Luxembourg Fund Report 2024.
Auditor says former Freeport has questionable future
The 55 million euro high security, high value storage facility formerly known as the Luxembourg Freeport – now known officially as the High Security Hub (HSH) – was back in the headlines recently as auditor BDO Audit drew attention to what it termed “significant uncertainties” about the firm’s ability to continue its business activities “on a going concern basis,” in its corporate audit report of HSH’s balance sheets, filed to the Luxembourg Business Register in mid-July.