Private assets: the global 2022 results are in. Finally!
It’s the middle of May and the full-year results are in. For publicly listed companies it would be yesterday’s news. Tax filings have been made and many firms even reported their first quarter. But in private equity, with its long-term perspectives, the ‘old’ data still can be worthy of a cover story, certainly when it comes to a year like 2022, marked by war, inflation and surging interest rates. The Q4 2022 Burgiss report shows how the market did.
City of London aims for fresh ties with Luxembourg
The top representative of the City of London Corporation on Tuesday began a two-day visit to Luxembourg that includes meetings with Luxembourg for Finance, financial regulator CSSF, the finance ministry and representatives of the grand duchy’s banking sector.
SFDR clarity welcomed but greenwashing fears linger
Some long awaited regulatory clarity on ESG and sustainability requirements for fund and asset managers appears to have reduced the state of confusion that had led to a downgrade of approximately 270 billion euro in assets under management last year. Yet, some specialists believe that claims of greenwashing that have plagued the industry in the last year are at serious risk of continuing.
‘efa’ new name for European Fund Administration
European Fund Administration, the Luxembourg-based asset services unit of Frankfurt-headquartered management company Universal Investment, on Monday said it is rebranding to “efa”, as part of its integration journey into Universal Investment.
Since its inception in 1996, European Fund Administration has expanded its services and client base in Europe and elsewhere in the world. Its original acronym, designed as a symbol for quality, trust, and reliability in the fund industry, will cease to be an acronym and become the name of the company, the firm said.
EU Court of Auditors notes ECB failings in bank supervision
The European Court of Auditors, the EU’s top body designed to improve financial management in the European Union, has criticised the European Central Bank for failing to properly supervise the 110 largest financial institutions in the Eurozone.
Role for Luxembourg in Franklin Templeton’s ambitions
Franklin Templeton on Monday said that all 21 Ucits ETFs from its Icav range have become available to Luxembourg investors in response to growing client demand for ETF solutions.
AXA IM: How regulatory momentum is helping drive biodiversity-aware investment
Biodiversity is a deeply complex topic with a host of potential actions and consequences. The regulatory response so far is reflective of that.
PGIM Investments: Recession risk rises amid banking crisis
In its Q2 2023 Outlook, PGIM Quantitative Solutions shares insights on markets, opportunities and potential pitfalls as recession fears rise.
EC’s clearing autonomy move raises hackles
A recent European Commission proposal to oblige EU-based eligible counterparties to hold an active account at an EU central counterparty clearing house has raised temperatures in some quarters in Luxembourg.
Wrangling over US debt ceiling may soon be over
The US debt ceiling seems to be an endless source of political wrangling, with parties blaming each other and threatening economic chaos. One would almost forget that debt repayment is not up for debate. Not even in the US.
“President Biden is driving America towards its first-ever default, and no one but him will be blamed,” shouts a television ad from the Republican advocacy organisation American Action Network.