Luxembourg the new hub for private debt funds
Assets under management of Luxembourg-domiciled private debt funds have risen by 36% to €108 billion in 2020, according to the KPMG/ALFI Private Debt Fund Survey 2020. Investment Officer discussed the dynamics behind the popularity of the asset class with KPMG’s Valeria Merkel and Julien Bieber.
AXA IM: A brighter future is possible
Policy support and hope for a vaccine enabled a defensive bull market to develop post-March 2020.
Welcome to long Brexit
Despite there being a deal now, Brexit will never be done. Even if the end of the transition period can be navigated with minimal disruption, the lack of an institutional underpinning to the UK-EU relationship points towards decades of negotiation over dozens of policy areas, including financial services. Welcome to long Brexit.
‘Equity bull market will continue in 2021’
Low interest rates, moderate inflation and a strong recovery in corporate profits. For the time being, the environment for equities remains extremely favourable, according to James Ashley, Head of International Market Strategy at Goldman Sachs Asset Management (GSAM).
AXA IM: Looking beyond the winter
The good news of the vaccines insures us against indefinite “lockdown/reopening” cycles, but we do not expect a proper rebound for the world economy before the second half of 2021.
UBS AM: Only a matter of time before prime rents will fall
In 2020, top real estate locations held up, prices will inevitably drop, writes Gunnar Herm, real estate strategist at UBS Asset Management.
Schroders: What next for healthcare investing after Covid vaccine success?
With three Covid-19 vaccines proving effective, we ask fund manager John Bowler and Data Insights Unit head Mark Ainsworth what comes next as regards the pandemic, and what the future holds for healthcare investing.
Investment fund sues CSSF for €99 million
LFP 1 SICAV has filed a civil claim against the CSSF for gross negligence. The directors of the fund claim the regulator turned a blind eye to blatant fraud with the fund between 2014 and 2019, and can therefore be held responsible for the losses in the fund.
‘Still a place for Treasuries in reflationary environment’
Investors should focus on cyclical equities, which benefit from a strong economic recovery. At the same time, they should use options and own some gold and Treasuries to protect their portfolio, according to Andrew Harmstone, head of Global Balanced Risk Control Strategy at Morgan Stanley.
FX specialist Monex opens Luxembourg office
The London-based foreign exchange specialist Monex has opened an office in Luxembourg to serve its EU-based clients after the Brexit transition period ends on 31 December.
The presence in Luxembourg will enable Monex to continue to provide foreign exchange and international payment services to customers based in Europe without any disruptions, said Monex Europe CEO Nick Edgeley.