PGIM Investments: Rising focus on fundamentals in high yield
Jonathan Butler, Head of European Leveraged Finance at PGIM Fixed Income, shares his optimistic outlook for high yield bonds in 2023 and why investors should focus on issuers with strong fundamentals.
CSSF plans on-site inspections on climate and ESG risks
Luxembourg’s financial supervisor CSSF this week presented its priorities in the area of sustainable finance. The regulator said it strives to “accompany the transition of the financial sector and its players in a proactive way”. It has defined separate priorities for banks, for asset managers and for investment firms.
IO Talks Luxembourg: Decalia’s Reji Vettasseri on the fallout from SVB, private markets, venture lending and Luxembourg’s challenges
This edition of IO Talks Luxembourg looks at the fallout from the collapse Silicon Valley Bank on venture capital finance, on alternative investments, venture lending, structured growth capital and the challenges for Luxembourg’s investment ecosystem against the backdrop of increasing tight regulation.
S64’s Nagpal sees Europe as ‘next frontier’ for retail private equity
The traditional private equity world has realised only in the past two years that creating products specifically for wealth and retail channels is going to be a huge area of growth over the next 10 to 15 years. Europe, said Tarun Nagpal, founder of S64 Capital Innovation, will be the “next frontier” in mainstreaming private equity for retail investors.
‘Tensions in bank sector increase likelihood of recession’
Tensions in the banking sector increase the likelihood of a recession during the year, according to chief investment officer Guy Wagner at asset manager BLI - Banque de Luxembourg Investments.
Nevertheless, prior to the onset of the banking turmoil, the resilience of the global economy was still in evidence, with service activities continuing to benefit from robust household demand due to continued full employment in most countries, Wagner and his team said in their latest monthly market report.
No panic in the REIF market, even as ECB calls for policy framework
Although there’s consensus on clouds hanging over private real estate markets while some investors here still face a rough ride, instability in the market for Real Estate Investment Funds, known as REIFs, - unlike the European Central Bank - is not seen as an immediate systemic threat to the real economy, according to real estate specialists in Luxembourg and London.
Funds face ATAD-3, Pillar II collateral damage
The Luxembourg financial community is concerned that schemes such as ATAD-3, which targets shell companies or the Pillar II implementation on international corporate taxation could intentionally or unintentionally affect until now perfectly legal tax or investment fund structures.
Investment grade credit: quality meets opportunity
Explore the key risks and benefits, as well as some case studies from our investment teams
Forget greenwashing. ‘Green hushing’ is the new buzzword
Downgraded green credentials for hundreds of investment funds and an increasingly polarised political US debate on ESG investments are shaping the current industry debate on sustainable finance. Joachim Nahem, sustainability expert and chief executive at Oslo-based Position Green, notes the emergence of a new concept that has taken over from greenwashing: green hushing.
IO Talks Luxembourg: Position Green CEO Joachim Nahem on greenwashing, ESG and SFDR regulation
This edition of IO Talks Luxembourg addresses greenwashing, ESG and sustainable finance in the alternative investments industry.