Secteur

The European Fund and Asset Management Association (Efama) has declared that the European investment fund sector is not capable of undermining financial stability to the extent that it results in systemic risks.

Jean-Marc Goy, recently appointed as chairperson of Alfi, the Association of the Luxembourg Fund Industry, speaks to Investment Officer’s Raymond Frenken about his priorities for the association and about Luxembourg’s role as a leading European and global centre for investment funds.

« Ce partenariat nous offre un nouvel éventail d’options d’investissement. Nous avons également accès à la technologie et aux données de BlackRock. La taille de notre partenaire nous permet de réduire les coûts pour nos clients », explique Ludivine Pilate, CEO de Puilaetco.

With a clear vision in mind, Jean-Marc Goy, chairperson at the Association of the Luxembourg Fund Industry, Alfi, is determined to foster the growth of the Grand Duchy’s asset management sector by encouraging effective collaborations with diverse stakeholders, including regulators. “The common goal is to strike the right balance between investor protection, and not putting in the way of the industry too many hurdles and obstacles that would stifle innovation”, Goy said in an IO Talks podcast interview.

The world’s top body for the fight against money laundering on Friday said it has found a “high level of technical compliance” with global standards in Luxembourg. The Financial Action Task Force, or FATF still recommended that the Grand Duchy strengthens its measures in certain complex areas, in line with its risk profile as a regional and global financial centre. «Luxembourg has a very good idea of what it needs to do,» said FATF president T. Raja Kumar in response to a question by Investment Officer during a press conference in Paris.

With a few days to go before crucial EU talks that could lead to major reforms of the Markets in Financial Instruments Directive, known as Mifid, EU asset managers, banks, and brokers are urging policymakers not to succumb to pressure that could lead to “suboptimal outcomes” in the review.

Toutes les deux semaines, Investment Officer s’entretient avec un éminent professionnel du monde financier à propos de sa carrière, de sa vie et de ses passions. Cette fois-ci, c’est Rudi Deruytter, CEO de la banque CKV, qui regarde dans Le Miroir.

In the face of market volatility, uncertainty, complexity, and ambiguity, a combination popularly referred to as ‘VUCA’, Ingo Mainert, CIO Multi Asset Europe at Allianz Global Investors, urges investors to embrace a fresh interpretation of VUCA: vision, understanding, clarity, and agility. 

This perspective came during his keynote speech at Wednesday’s ALFI Roadshow in Frankfurt, a gathering organised by Luxembourg’s 1700-member fund management trade association. The event provided a platform for industry experts to exchange insights on the investment climate and topics pertinent to Luxembourg, attracting roughly 300 delegates.

Luxembourg’s parliament needs to make sure that its proposed update for the Grand Duchy’s law on investment funds will provide more clarity on how fund redemptions are to be treated by its national regulator CSSF, the country’s top advisory body has said.

The Council of State, which advises the parliament on legislative proposals about to be debated, on Tuesday issued its commentary on the proposal, known as Bill 8183. The report underlined the need for clarity on the topic of suspensions of fund redemptions. 

Le secteur de la consommation offre de grandes opportunités aux entreprises de croissance. Telle est la thèse de Vendis Capital. Cet acteur belge du capital-investissement, présent dans toute l’Europe, est sur le point de lever son quatrième fonds. Michiel Deturck, associé et cofondateur, explique comment il procède et pourquoi il ne se méfie pas d’une éventuelle récession.

Qu’est-ce qui rend le secteur de la consommation si intéressant à vos yeux ?