‘Several’ parties express interest in Fuchs Asset Management
Animated movies. German real estate. Trade finance. Polish mortgages. Industrial lasers. Environmental intelligence. Pharmaceutical services. More than 1.5 billion euro has been invested in the Luxembourg-domiciled alternative investment funds under the wings of Fuchs Asset Management. Its AIFM portfolio presents a small microcosm of alternative investments managed via the Grand Duchy. The manco is for sale after its parent company, Fuchs & Associes, entered liquidation last month. Jean-Jacques Lava, deputy-CEO at Fuchs AM, said the sale process is going according to plan.
Next-gen ETFs: Luxembourg and Ireland tell a tale of two Europes
Ciaran Fitzpatrick of State Street Institutional Services paints a vibrant picture of the evolving landscape for Exchange-Traded Funds (ETFs). Across the investment world, the move from active to passive is not just a trend but a shift that is being felt across retail and institutional investments, largely due to persistent pressure on costs. Ireland and Luxembourg present different appeals to new issuers.
Apex Group expands in Japan by acquiring Axess
Apex Group, a global financial services provider with a significant presence in Luxembourg, on Monday said it agreed to acquire Axess Accounting Office, a provider of corporate tax services for real estate and private equity firms in Japan. Financial details were not disclosed.
Apex to service BTC’s Argento oil and gas fund from Miami
Apex Group on Thursday said it has been appointed by BTC Investment Group to deliver fund services to its Argento Energy Fund LP, launched by the Mexican family office BTC in 2022, to manage investments in the US onshore oil and gas industry, with a target size of 100 million dollars. Apex will provide the services via its Miami office.
Décélération des FIAR : Prudence sur le Marché Alternatif
Moins de nouveaux fonds d’investissement alternatifs réservés sont enregistrés au Luxembourg cette année, les gestionnaires de fonds se montrant plus prudents et la collecte de fonds des capitaux-risqueurs ayant diminué. L’appétit des investisseurs semble réduit, mais n’a pas disparu. On dit que la « poudre sèche » reste disponible parmi les investisseurs institutionnels sur le marché alternatif.
Disparités de dénomination ETF : confusion dans les hubs européens
Dans les deux plus grands centres européens d’ETF, le Luxembourg et l’Irlande, différentes règles régissent la dénomination des Fonds Négociés en Bourse (ETF). Alors que les règles européennes pour la dénomination des ETF sont déterminées par l’autorité basée à Paris, l’ESMA, la mise en œuvre par les superviseurs nationaux, la CSSF au Luxembourg et la CBI en Irlande, diverge, présentant à la fois des opportunités et des risques pour les fournisseurs d’ETF.
FundRock to service Partners Capital’s flagship fund
FundRock Management Company, a unit of Apex Group, has been appointed by Partners Capital to provide ManCo services for their flagship fund. FundRock will provide ManCo services for Partners Capital’s flagship fund, following their support during the fund’s re-domiciliation to Luxembourg.
Broadridge’s Pandiri named Group President at Apex Group
Apex Group said it has appointed Samir Pandiri to the newly created role of Group President and Member of the Executive Committee, to support and drive the business’ sustained growth.
Michael Reinhard steps down as CEO at Universal Investment
Michael Reinhard has decided to step down as chief executive officer at Frankfurt-headquartered Universal Investment Group, a leading management company in Luxembourg. Until a successor is appointed he will be replaced by David Blumer, who joined UI as non-executive chair last year.