Apex names Pam Goldminz head of Dallas office
Pamela Goldminz has been named as head of the Dallas officer at financial services provider Apex Group, the firm announced on Tuesday. The appointment follows organic growth and acquisitions in the Texas market, it said.
Apex Group, active in Luxembourg as a leading AIFM and asset services firm, has become one of the largest independent fund services providers by headcount in Texas, it said.
Wall Street ‘Einstein’ Tuchman: new investors ‘crazy gangsters’
He is the New York Stock Exchange’s most photographed trader, also known as the “Einstein of Wall Street” on Instagram. Speaking to Investment Officer, veteran floor trader Peter Tuchman talks about the game changer in his profession: the new generation of investors.
UBS AM: The multi-asset case for China
Jade Fu sees a multi-asset approach to investing in China as an optimal way to capitalize from new policy catalysts—while staying diversified and protected against downside risk.
PGIM Investments: Macro Uncertainty Calls for Agility and Diversification
PGIM Wadhwani’s Dr. Sushil Wadhwani, CBE, discusses why agile global macro strategies are attractive portfolio diversifiers through rising rates and inflation.
French supervisor AMF pushes for major SFDR reform
French financial supervisor AMF is calling for a major reform of the EU’s SFDR rules for sustainable finance disclosures and proposed to remove fossil fuel activities from investment funds that are classified as “dark green” Article 9.
Chart of the week: how many swallows does it take?
There you are with all those fancy indicators like yield curves, ISM Manufacturing, and housing markets. They all point in the same direction, down! But the incoming US macro numbers are in no way pointing to a recession, nor to a soft landing. Spend it!
In Flux: Eltifs will be tough nut to crack
This week’s adoption of the updated EU regulation for long-term investment funds, known as Eltifs, raises hopes and expectations, both at a European level as well as on the ground in Luxembourg. Now it’s up to the industry to deliver. The fund ecosystem in the grand duchy is keen to embrace this opportunity.
Private assets growth pushes up KPMG revenue 8% in 2022
KPMG Luxembourg on Thursday said its revenue increased a steady 8 percent last year, buoyed by a “significant” market growth in private assets. The firm reported revenues of 276 million euro for last year.
Top 5: GMO Climate Select leads inflows into Article 9
The Sustainable Finance Disclosure Regulation marks its second anniversary next month. Although it was quickly adopted as a sustainability label, its actual purpose was to provide a framework for communicating the extent to which sustainability plays a role within an investment fund. Adjusted rules that took effect in January 2023 caused a stir in the sustainable fund landscape.
Quintet plans to cut 165 jobs this year, 9% of workforce
Luxembourg-based private bank Quintet this year plans to eliminate 165 jobs, or 9 percent of its 2,000-strong workforce in six European countries as it attempts to become a more efficient organisation.