Luxembourg eases creation of Eltifs from existing private funds

Creating European Long-Term Investment Funds (Eltifs) as sub-funds under existing alternative investment funds has become a bit easier in Luxembourg. Firms no longer need to fill out a separate CSSF approval form for a new sub-fund when adding an Eltif-class to an existing fund.

Nomad millionaires are about to exit the UK, Netherlands, UBS says

Nomadic millionaires increasingly relocate in response to structural changes in the global economy and that means there will be fewer of them by 2028, according to a report by UBS. Luxembourg, meanwhile, remains the country with the biggest number of millionaires per capita, the Swiss bank said.