Asset Servicing

Texas aims to challenge the dominant position of New York and Delaware in the U.S. capital markets with a new stock exchange and more flexible regulation. But sufficient liquidity, reliable price discovery, and investor confidence are not easily achieved, said Onnig Dombalagian, professor of law at Tulane University.

The energy crisis and looming jet fuel shortage are a disaster for aviation, but could also hit equity markets hard after all. Asset managers are gloomy about the aviation sector and warn about the consequences for investors.

In 1972, Richard Nixon flew to Beijing convinced that the world was becoming multipolar. He sought to position the United States as one of several great powers, strong enough to balance the Soviet Union and other emerging rivals. What he could not foresee was that his visit would instead mark the beginning of a unipolar era defined by unprecedented American dominance.

When asset managers come under fire, there is only one relevant question for them: how do I maintain trust? Their crisis communication should revolve entirely around that.

Germany’s economy has struggled for momentum in recent years, weighed down by structural headwinds and weak growth, yet its stock market has told a very different story.

Geopolitical unrest is forcing investors to reassess their portfolios. As bonds lose their strength, volatile asset classes are returning as an alternative for diversification, said Jitzes Noorman, delegated CIO and investment strategist at Columbia Threadneedle Investments.

This week’s overview of people transfers in and around Luxembourg includes updates from Pictet, LuxTrust, Deutsche Bank, and Block Asset Management.

The fees private equity managers earn on successful deals are no longer just a matter of compensation. For the pension funds and insurers that bankroll the industry, the way those payouts are calculated has become a test of governance, and an increasingly important influence on where capital flows next.

The Eltif label is emerging as more than a regulatory badge. Under Europe’s revised Solvency 2 regime, it is becoming the most reliable route for insurers to secure and retain lower capital charges in private markets, say Sebastiaan Hooghiemstra, Juliane Hurter and Daan Maas of Loyens & Loeff.