Continuation funds bring alternative option for PE exits
Typically, when a private equity fund approaches its contractual culmination point, it will seek to sell its assets, but this may not be possible or desirable at that moment. Establishing a continuation fund is an alternative, Laurent Capolaghi, partner and private equity leader at EY Luxembourg, explained in this Q&A. One third of the top 50 PE houses are considering this alternative option, he estimates.
In Flux: Where there’s smoke…
Luxembourg last week was buzzing with speculation and market talk. A major deal was said to be in the making that could change the international leadership tables among Alternative Investment Fund Managers, AIFMs. “Is your firm going to be bought?”
PGIM Investments: Global High Yield: An Attractive Entry Point?
With higher yields and wider credit spreads shaping the bond market backdrop, investors don’t need to embrace added risk in search of attractive income, according to Jonathan Butler.
Capital Group | New reality for investors: 5 big trends changing markets
There’s a new reality taking shape in global markets. Commentators have in the last few months mostly focused on a rotation from growth to value, but we think that view is too simplistic.
Top five energy funds: BGF World, NN Energy stand out
Among the top five actively managed mutual funds in the energy sector that are tracked by Morningstar, the BGF World Energy and NN (L) Energy funds stand out as top performers when considering the year-to-date performance of this type of funds.
Morgan Stanley IM: Superpowers to the Rescue?
If the current good times for corporates turn into tough times, the International Equity team believes the twin superpowers of pricing power and recurring revenues will be essential. Bruno Paulson explains.
New ESG product rules under Mifid2 take effect
A new set of rules - part of an update to the EU’s Mifid 2 directive - took effect in Luxembourg on Tuesday that will set out how banks and asset managers are required to handle their investment products in terms of Environmental, Social and Governance.
Digital platforms embrace private assets enthusiasm
The spread of web-based platforms has reached into the rarefied atmosphere of private equity, which has historically been paper-based and face-to-face in-person meeting with one’s investment adviser. This is taking place against an industry-wide drive to “democratise” the private assets world, in order to sate huge desire to invest, but also to address the equity issues raised in relation to significant barriers to access, Alfi’s Private Assets Conference made clear this week.
ODDO BHF AM Investment brief: on your marks
After the historic decline of the technology sector, the question now is whether we are facing a long cycle of underperformance or whether tech stocks are becoming attractive again.
CSSF’s Marx: Efficiency focus also in interest of investors
Financial regulators across the European Union next year will embark on a comprehensive review of costs that investment firms charge to investors for their investment funds. Claude Marx, director general of Luxembourg financial supervisor CSSF, speaking at the Alfi private assets conference on Wednesday, elaborated on some of the next steps. The industry, he said, needs to maintain its focus on efficiency, which also is in the interests of investors.