Investment Officer Luxembourg

Investors in evergreen funds apparently did not fully grasp what they were getting into when they entrusted their capital to these “semi-liquid” vehicles investing in private markets. After Blue Owl, two large private credit funds managed by Blackstone and Blackrock were hit last week with a surge in redemption requests.

Oil prices can swing by tens of dollars within hours, as happened this week amid the war surrounding Iran. Yet the headline oil price is only one signal from the commodity markets. A further ten indicators reveal where pressure in the energy system is truly building.

Listed private markets managers are under pressure in recent weeks as investors question the resilience of evergreen funds and worry about technology exposure in private credit portfolios. Shares across the sector have slid after several retail-focused vehicles limited withdrawals, raising fresh doubts about whether funds that promise periodic liquidity can withstand market stress. Partners Group says those fears are misplaced.

In a fund market that is becoming increasingly fragmented between European requirements, rising regulatory pressure, and the growth of private markets, large offshore firms can no longer ignore Luxembourg. For Mourant, historically established in Jersey, Guernsey, and the Cayman Islands, opening an office in the Grand Duchy two years ago was not merely a geographic expansion. It was a strategic repositioning.

This week’s overview of people transfers from across Europe.

Young people today are looking for a modern, balanced, purposeful, and flexible work environment, say heads of HR at Luxembourg private banks. Employers, on the other hand, are focusing on whether candidates bring transferable skills.

Finance is full of repetitive work, often done manually. Reconciliation, reporting, and various calculations to evaluate assets are part of daily life. But in recent years, the AI storm has arrived.

With euro stablecoins and a digital euro, Europe wants to counter the looming dollarization of the European economy. In consumer payments, the sovereignty of the euro is already under pressure, the European Central Bank warns.