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.
Private debt leads unregulated funds surge in Luxembourg
The 29th edition of the Monterey Insight Luxembourg Fund Report reveals that unregulated funds are outperforming their regulated counterparts in a big way, signalling a potential paradigm shift for the Grand Duchy. Unregulated funds, especially reserved alternative investment funds (Raifs), have seen a surge in asset value. Raifs alone have increased their assets to the equivalent of 458.4 billion dollars, marking a 38.6% rise from last year’s 330.8 billion dollars, said Monterey.
Unregulated Luxembourg funds shows biggest growth
Unregulated investment funds in Luxembourg, in particular Reserved Alternative Investment Funds known Raifs, showed the biggest increase the Grand Duchy’s fund industry last year. According to the latest Monterey Insight report, the value of these funds increased 71.4 percent last year to some 330.8 billion euro.
Other unregulated funds, such as LuxLPs and Soparfi’s, reached a value of 470 billion at the end of 2021. That is an increase of 61.5 percent in assets.