‘Investment law needs to clarify suspension policies’
Luxembourg’s parliament needs to make sure that its proposed update for the Grand Duchy’s law on investment funds will provide more clarity on how fund redemptions, and in particular suspensions, are to be treated by its national regulator CSSF, the country’s top advisory body has said.
AXA IM: Rain or shine: what to consider for fixed income this summer
Perhaps it is that the summer sun is shining but the situation in the US seems a little rosier than was projected earlier this year…
Valuation adjustments lead to a lacklustre Raif market
Fewer new reserved alternative investment funds are being registered in Luxembourg this year as investment managers are more cautious and VC fundraising has declined. Investor appetite appears reduced but has not disappeared. Dry powder is said to remain available among institutional investors in the alternatives market.
Naming rules divergence in ETF hubs creates confusion
In Europe’s two largest ETF hubs, Luxembourg and Ireland, different rules govern the naming of Exchange Traded Funds (ETFs). While European rules for ETF naming conventions are determined by Paris-based authority ESMA, the implementation by national supervisors CSSF in Luxembourg and CBI in Ireland diverges, presenting both opportunities and risks for ETF providers.
Allianz CIO: ‘Monetary policy is really starting to bite’
The Federal Reserve’s predicted interest rate peak between 5.5% and 5.75% has left many asset managers uncertain about their rate forecasts for the second half of the year. However, Franck Dixmier, the global CIO at Allianz Global Investors, is undeterred by this ambiguity, stating, “Monetary policy is really starting to bite now.”
ALFI appoints Capital Group’s Jean-Marc Goy as new chair
Jean-Marc Goy has been appointed as the new Chairperson of the Association of the Luxembourg Fund Industry (ALFI), the industry body announced on Monday following its annual general meeting. Goy is a board member at Capital Group Luxembourg. Before joining the firm in 2018 he served two decades at the grand duchy’s financial supervisor CSSF.
Schroders : EM private equity, the most effective way to invest for impact?
Schroders : Is emerging market private equity the most effective way to invest for impact?
Sandro Pierri of BNP Paribas AM elected EFAMA president
During a annual general meeting in Amsterdam on Friday, Sandro Pierri, CEO of BNP Paribas Asset Management, was elected as the President of European fund and asset management association EFAMA for a two-year term until June 2025.
LuxSE books €170 mln gain on Fundsquare sale
The Luxembourg Stock Exchange, also known as LuxSE, has booked a one-time gain of 170 million euro on the sale of its data subsidiary Fundsquare, it said following its annual general meeting on Friday.
The sale of Fundsquare to FE fundinfo, a London-based provider of investment fund data and technology, was completed last September. LuxSE acquired an unspecified ownership stake in FE fundinfo following that transaction.
PGIM Investments: Conditions call for an opportunistic approach to credit
Richard Piccirillo, Senior Portfolio Manager at PGIM Fixed Income, shares his views on the macroeconomic backdrop, market dynamics and credit areas that offer the best opportunities for investors.