Investment Officer Luxembourg

The economies of the Euro area and the US often move in tandem due to their similar structures and deep economic connections. However, divergences occur, notably during asymmetric shocks like the Euro crisis of 2011-2013.

A global effort to strengthen the international tax process to make it more fully inclusive and more effective is garnering worldwide support. The OECD? No. Many advocates of this tax reform project are less than impressed by the OECD’s accomplishments to date, with some mocking its “low” 15% global minimum. It is happening at the United Nations, and votes from supportive countries, including certain tax havens and the Russian Federation, have given it a certain momentum.

It’s fascinating to observe central bankers like Federal Reserve Chairman Jay Powell outside their usual realm, especially on platforms like CBS’s “60 Minutes.” Powell’s candid admission about the US being on an unsustainable fiscal path is a concern is shared by many investors, including myself, particularly regarding the sustainability of mounting debt used to stimulate economic growth.

Luxembourg investment firms will have to provide annual self-certifications on key aspects of central administration, internal governance and risk management, according to a new rule introduced by financial supervisor CSSF.

Berlin-based Moonfare said it plans to create a dedicated secondary liquidity mechanism that enables retail investors in Eltif 2.0 funds to unwind their holdings before the fund matures.

The Securities and Exchange Commission’s (SEC) recent move to mandate increased disclosure of fees and other costs by private equity funds has sparked a legal battle with the PE industry. Lawyers representing both the SEC and the PE industry engaged in a heated argument in a US federal court in New Orleans.