Esma faces uphill battle to emerge as European SEC
In an interview with Investment Officer, Esma chair Verena Ross outlined her vision and the significant challenges ahead as the regulatory body aims to become Europe’s equivalent to the US SEC.
Evergreen is no El Dorado, says Indosuez’s Dauman
Evergreen funds are pushing private markets toward a wider investor base. Olivier Dauman of CA Indosuez says that expansion has clear limits. “I think evergreen is a nice evolution of this market. I don’t think it’s the El Dorado of private equity,” he told Investment Officer.
The carbon premium that never existed
Imagine this: you predict stock returns for January 2026 using company data from all of 2026. Data that only becomes available during that year (or even afterward). Sounds absurd? Yet this is exactly the methodological foundation of one of the most cited findings in climate finance: the carbon premium.
Chart of the week: laffer’s line
The signals that citizens and businesses are willing to leave their country if the tax burden becomes high enough are increasing rapidly. As a result, an economic theory that is already fifty years old—and long dismissed as meaningless fantasy—is suddenly taking center stage.
Morningstar: Blackrock versus MFS Meridian in global small- and mid-cap equity
A strong start to the year for smallcaps does not guarantee outperformance in 2026.
Closed oysters, open ears: how Luxembourg families approach wealth transfer
When it comes to passing on assets, Luxembourg’s wealthy are focused on legacy rather than tax optimization, according to Ellen Brullard, chair of STEP Benelux and counsel at Arendt & Medernach. Anticipation is key, though it is more complex than it sounds.
Alternatives form cornerstone of BNP Paribas AM growth strategy
BNP Paribas Asset Management expects its alternatives division to grow by 5 to 6 percent annually and to consolidate its leading position in Europe. The asset manager said it is barely affected by the negative sentiment surrounding private credit.
Transfers: Langham Hall, Aviva, DZ Privatbank, Trustmoore, Edmond de Rothschild, Pia Group
This week’s European transfers section includes updates from Langham Hall, Aviva, DZ Privatbank, Trustmoore, Edmond de Rothschild and Pia.
Loyens & Loeff: clarified treatment of Target Funds under Eltif 2.0
Sebastiaan Hooghiemstra and Gabriël Storm at Loyens & Loeff examine the latest EU-level guidance on Target Funds under ELTIF 2.0 and its implications for ELTIF managers and product structuring going forward.
Playing with the optimal investment mix
An unprecedented wealth transfer is underway. Over the next two decades, an estimated 124,000 billion dollar in assets will shift globally from the baby boomer generation to younger generations.