Luxembourg, Caymans top fund domiciles in private credit
Luxembourg and the Cayman Islands are the two most popular fund domiciles for private credit fund managers, according to research by the Alternative Credit Council and law firm Dechert LLP. The Luxembourg Reserved Alternative Investment Fund (Raif) emerged as the preferred vehicle to invest in EU-based private credit assets.
Private credit’s test: Rising defaults amid bank competition
Once a rising star among investment options, private credit now faces headwinds as defaults increase, and traditional banks re-enter the fray, as competitors.
Le miroir avec Ben Granjé
La carrière de Ben Granjé est pour le moins hétéroclite… Le CEO de la VFB nous l’explique dans Le Miroir.
Quintet, Moonfare to cooperate in private markets
Quintet Private Bank, based in Luxembourg, has forged a partnership with Berlin-based digital investment platform Moonfare. The alliance aims to bolster Quintet’s private-market offerings to select clients while extending Moonfare’s distribution reach.
Investors pivot towards localised supply chains, survey shows
Global investors are increasingly favouring businesses with localised supply chains in response to geopolitical uncertainty and inflation, according to the Schroders Institutional Investor Study for 2023.
Nagelmackers : « L'article 8 n'est pas un label, mais il est présenté comme tel »
« Nous travaillons activement sur les Principales Incidences Négatives (PIN), mais les fonds qui accordent peu d’importance à la durabilité peuvent également se réclamer de l’article 8. C’est frustrant », déclare Levi Sarens, Head of Investments à la Banque Nagelmackers.
Baillie Gifford : « les actions de croissance 5 fois plus performantes »
Les investisseurs sous-estiment le potentiel de croissance des entreprises exposées à des mégatendances telles que la transition énergétique et l’intelligence artificielle. Ceux qui comprennent tôt le potentiel de transformation et restent patiemment investis ont de fortes chances d’être récompensés par des rendements considérables une dizaine d’années plus tard.
Bettel, Backes inaugurate BoA’s Luxembourg office
The Luxembourg government, represented by prime minister Xavier Bettel and finance minister Yuriko Backes, on Tuesday officially inaugurated Bank of America’s new branch in Luxembourg. The office was already opened on 10 May.
Democratisation of private markets is not convincing
The ambition of the financial sector to further democratise private markets in the Netherlands is not yet convincingly reflected in practice.
Slow summer: August sees dwindling Raif registrations
Registrations of reserved alternative investment funds took a very relaxed late-summer break during August, quietening to a level last seen early in the Raif product’s history — in January 2019. Only 15 new funds were registered during the month, according to the latest update of the Luxembourg Business Registers Raif listings.