Investment Officer Luxembourg

Necessity breaks laws, but it also breaks existing patterns, paradigms, and drives innovation. Necessity is, after all, the mother of invention. Not abundance or curiosity, but circumstances in which delay is not an option.

Imagine this: you predict stock returns for January 2026 using company data from all of 2026. Data that only becomes available during that year (or even afterward). Sounds absurd? Yet this is exactly the methodological foundation of one of the most cited findings in climate finance: the carbon premium.

Evergreen funds are pushing private markets toward a wider investor base. Olivier Dauman of CA Indosuez says that expansion has clear limits. “I think evergreen is a nice evolution of this market. I don’t think it’s the El Dorado of private equity,” he told Investment Officer.

The signals that citizens and businesses are willing to leave their country if the tax burden becomes high enough are increasing rapidly. As a result, an economic theory that is already fifty years old—and long dismissed as meaningless fantasy—is suddenly taking center stage.

A strong start to the year for smallcaps does not guarantee outperformance in 2026.

When it comes to passing on assets, Luxembourg’s wealthy are focused on legacy rather than tax optimization, according to Ellen Brullard, chair of STEP Benelux and counsel at Arendt & Medernach. Anticipation is key, though it is more complex than it sounds.

Global shipping is slowing as surging fuel costs and mounting risks in the Persian Gulf begin to strain the industry’s finances, forcing companies to cut speeds, seek emergency credit and rethink whether voyages are still viable.

BNP Paribas Asset Management expects its alternatives division to grow by 5 to 6 percent annually and to consolidate its leading position in Europe. The asset manager said it is barely affected by the negative sentiment surrounding private credit.

European banks have little direct exposure to the Middle East, says European credit rating agency Scope. However, as tensions in the region threaten to push up energy prices and slow economic growth, the risks for lenders may emerge elsewhere: in the balance sheets of the companies they finance.