Waystone to provide ManCo services to Alger Management
Waystone Luxembourg on Tuesday said it will provide single-umbrella ManCo and related services to US-based Fred Alger Management’s SICAV range.
The partnership will add 600 million US dollars to Waystone’s AuM, raising it to 2,000 million US dollars and is part of the firm’s international expansion effort in recent years.
Another 40 Eltif funds in the pipeline, say Luxembourg experts
Some 40 new Eltif funds, enabling European retail investors to put their money in private markets, are understood to be in the pipeline, due to enter the market in the coming months.
Swissquote seeks to democratise securities lending
When investors buy a company’s share, conventionally, they hope for the stock value to climb and maybe pay dividends. But there’s another way to make money on your shares – lend them to other investors to use for their own purposes, for a fee. This hasn’t been previously possible for most investors in Luxembourg. With help of a fintech, one bank has committed to make it happen.
Swissquote Bank says it intends to democratise securities lending, explaining its thinking during last week’s Swissquote Investment Day event.
Art is evolving beyond passion, becoming a serious asset class
Uncover the intersection of passion and profit as top-tier banks, including J.P. Morgan, pioneer art financing solutions, offering professional investors an exclusive insight into the evolving landscape of high-value art as a serious asset class.
Les services deviennent plus importants dans le choix d'un gestionnaire de patrimoine
Les particuliers fortunés choisissent de plus en plus une banque privée ou un gestionnaire de patrimoine en raison de la qualité du service, tandis que le coût de ce service devient un argument moins important.
Services taking precedence over fees, Cerulli study shows
Services, not fees, are increasingly driving client decisions in wealth management and private banking, a leading US consultancy has concluded in its latest study of clients in the high-net-worth (HNW) and ultra-high-net-worth (UHNW) market segments.
Spuerkeess ditches transfer agents in Euroclear outsourcing
Major domestic Luxembourg bank Spuerkeess will move the majority of its fund portfolio to Euroclear FundsPlace as part of its effort to streamline and cut costs in its fund business, the bank has announced this week.
The bank said it “has decided to move away from transfer agents and centralise the distribution and execution services of its funds.”
Euroclear’s funds platform has started to manage the lion’s share of the Spuerkeess portfolio and “collect trailer fees on external custodians” as well.
CSSF fines Mizuho nearly half a million euro for breaches
Luxembourg’s CSSF financial regulator on 20 February announced that in late 2023, it had imposed a nearly half-million euro administrative fine on Mizuho Trust & Banking (Luxembourg) S.A.
The 17 November 2023 fine of 444,400 euros was imposed for non-compliance with professional obligations under Luxembourg’s financial sector law relating to governance and IT organisation.
Blackstone’s Solotar foresees structural shift to private credit
Interest in investing in private markets, private credit in particular, may have surged, but that growth is just the beginning. “We see a structural shift towards private credit,” says Joan Solotar, global head of Private Wealth Solutions at Blackstone.
Le retour des obligations et des actions sensibles aux taux
Pour Laurence De Munter, stratège en investissement chez Securities De Munter, l’année 2024 est placée sous le signe des baisses de taux d’intérêt, ce qui rend les obligations à long terme intéressantes et permet aux actions sensibles à l’évolution des taux de faire leur retour.