Investment Officer Luxembourg

European authorities are speeding up negotiations on the final text of the so-called Corporate Sustainability Due Diligence Directive (CSDDD, also known as the CS3D). Before the end of this year, the European Commission, the European Parliament and the European Council want to reach an agreement on it.

Ethenea has received approval from Luxembourg regulator CSSF to remove equities, precious metals and commodities from its Ethna-Defensiv multi-asset portfolio, transforming the fund into a pure bond strategy.

Of the 280 million euro in the fund, which had had a multi-asset portfolio since 2007, 14 percent is currently invested in European government bonds, 80.5 per cent in high-quality corporate bonds and 5 per cent in high-yield bonds.

Luxembourg-headquartered CVC Capital Partners, one of Europe’s biggest private equity firms, on Wednesday decided to postpone its initial public offering on the Amsterdam stock exchange, a person familiar with the decision has confirmed. The firm now is looking for a new opportunity to go public in 2024.

Ever since the inception of the European Green Deal, ESG (Environmental, Social, and Governance) has been mired in a tangle of compromises, featuring arbitrary categories underpinned by a fundamentally incoherent, and likely counterproductive, concept.

Amidst the ongoing transition to a new pension system in the Netherlands, Dutch pension fund managers are finding little bandwidth these days to explore fresh investment ideas for the coming year. Against this backdrop, asset managers face hurdles in gaining their attention, with only essential risk management being the focal point for many.

Financial supervisors across Europe are actively providing industry guidance on sustainability claims that financial firms attach to their products. EU-level guidance calls for communications with investors that is fair, clear and not misleading. In Luxembourg, CSSF has outlined its expectations of investment fund managers in a thematic review published in August.

This week’s overview of transfers, appointments and promotions includes updates from M&G and Fidelity.

Kathy Ryan 

Kathy Ryan (photo) has been appointed as chief sustainability officer at M&G plc. She joins from Irish Life Investment Management, where she was head of responsible investment.

Luxembourg-headquartered Alter Domus, an international provider of tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, has appointed Michael Janiszewski as its new Chief Operating Officer.