Luxembourg has high hopes for supercycle in private markets
The annual Luxembourg Private Equity Association (LPEA) Insights Conference drew over 1,000 professionals to the Grand Duchy this year, underscoring the nation’s status as the largest global private markets hub outside the United States.
Goldman Sachs relocates Belgian fund to Luxembourg
The American investment giant Goldman Sachs is closing its Belgian fund, Goldman Sachs (B) Invest. The last compartment will be transferred to a fund in Luxembourg through a cross-border merger.
Chart of the week: ‘Dumb money’
I was brought up in an investment era where bond investors proudly positioned themselves as “smart money” investors, in contrast to the “dumb money” crowd that invested in equity markets. But it’s becoming increasingly clear that these bond aficionados may need to relinquish their self-awarded title.
An investor’s guide to the US presidential election
We assess the key differences between Donald Trump’s and Kamala Harris’s policy platforms, and highlight the potential implications for the financial markets.
Lord Mayor of the City of London: ‘We need Luxembourg’
Luxembourg and London reaffirmed their complementary roles in asset management and green finance, with leaders stressing the importance of collaboration on sustainability, digital transformation, and post-Brexit resilience.
Fund Radar: India's weight in EMD indices increases
Local currency bonds have lagged this year, but expected interest rate cuts by the Fed have investors in emerging markets hoping for better times.
Amundi and Schroders eye Euro-duration as U.S. managers hold back
Asset managers like Amundi and Schroders are increasingly positioning themselves in longer-dated European government bonds, betting on faster-than-expected rate cuts. Meanwhile, U.S. asset managers are taking a more cautious approach to European duration exposure, highlighting the divergence in market sentiment across the Atlantic.
A downpour of active ETFs, but banks wait for clear skies on performance
While one active ETF after another enters the market, various Dutch banks have yet to add these to their offerings, and pension funds are still adopting a wait-and-see approach. The added value compared to other passive strategies has yet to be proven, particularly in the form of a track record.
Transfer Thursday: State Street, Clearwater, Axa IM
This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from State Street, Clearwater Analytics, Axa Investment Managers, Blackrock and S&P Global.
Unreliable data could turn AI dreams into costly nightmares
With the hype around artificial intelligence and despite its high-profile failures and misuses, it’s clear the global financial sector has plenty of interest in AI, especially in hopes of finding yet another way to outsource low-complexity work. Many large financial firms have set up special departments to explore and lead the introduction of the technology in its various product offerings.