Investment Officer Luxembourg

Among the recently registered AIFs in the CSSF’s AIF Identifiers dataset is “Yeldo Varedo S.C. SP”, a fund registered on behalf of Yeldo, an Italian/Swiss investment manager focusing on originating real estate deals. The firm has made use of Luxembourg structures such as the reserved alternative investment fund (Raif) since its inception. 

European investors continue to channel funds into sustainable investments, recognizing the enduring appeal of sustainable UCITS funds. In 2023 alone, an impressive one trillion euros flowed into European Article 8 and 9 funds. This trend is expected to attract more investors towards sustainable funds in the years ahead.

This week’s overview of transfers, appointments, promotions and other people news includes updates from FE Fundinfo and Amundi.

The returns generated by private credit funds seem to primarily benefit fund managers, not investors. According to a recent study published by three economists from the American National Bureau of Economic Research (NBER) there is no extra return left for investors after accounting for costs and risks.

The study “Risk-Adjusting The Returns To Private Debt Funds” analyzes cash flow data from 532 private credit funds established between 1992 and 2015. The researchers compared incoming capital to distributions to investors.

Fund sponsors increasingly explore ways to facilitate access by retail investors to private assets. Part II UCIs have been instrumental in this development. This contribution discusses the increased success of the Part II UCI fund regime with private markets firms accessing the private wealth market.

As home to investors and companies that prefer the allure of American markets over their domestic counterparts, the European Union has arrived at a crossroads. A window of opportunity has arrived for creating a new framework that supports efficient capital markets, creating growth and jobs and enabling retail investors and pension savers meet their long-term financial needs.

In the financial markets, geopolitical risks often exhibit a binary nature: for a long time, they pose no issue until suddenly, they do. Consequently, the relationship between geopolitical risks and the financial markets’ response is not straightforward. This complexity partly arises because these risks usually stem from singular events, which markets are adept at overlooking. In this context, possession often marks the end of interest.