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.
Tuerlinckx Tax Lawyers: arrange timely access to MyMinFin to file Belgian CIV tax return
The Belgian tax administration has further digitalized the procedure for filing the tax on collective investment institutions (CIV tax). In principle, the tax return must now be submitted electronically through the MyMinFin portal.
Russia’s ‘hybrid warfare’ in Europe is a concern for financial supervisors
Digital, operational and cyber resilience are key priorities for the year to come, says CSSF director-general Claude Marx, who points out that Europe is already being targeted by hybrid warfare attacks and expects to see more in the future.
Emerging markets holding up amid strong dollar - for now
Markets still assume that the war in the Middle East will not escalate into a prolonged conflict, and that is good news for investments in emerging markets. After the initial attacks by the US and Israel on Iran, several markets in Asia and South America took significant hits, but over the past two weeks they have shown resilience.
The rise of sales-as-a-service
Financial services firms increasingly test new markets through sales-as-a-service models, relying on experienced industry connectors instead of building costly local teams. Luxembourg’s global ecosystem makes this approach particularly relevant.
Shake-out in active management not over says M&G
The shake-out in active asset management is far from finished, even as some firms regain momentum in the battle for investor flows, according to Joseph Pinto, chief executive of M&G Investments.
Chart of the week: the hidden cost of Trump’s war
The price of a barrel of crude oil surged past the $100 mark as the situation in the Middle East escalated further. A small price to pay, according to the president of the United States. Yet I suspect Trump is taking too narrow a view of the true cost of this new military intervention – if he is even considering those costs at all.