Investissement

Fund management companies registered some 22 new reserved alternative investment funds (Raifs) in April 2023, according to publicly-released data updated on 15 May.

This development brings the total for this year so far to 128. Considering only the first four months of the year, the total number was down 20 per cent from last year during the same period.

Luxembourg now has some 2,288 registered Raifs. In 2022, The Luxembourg Business Registers recorded 482 new Raifs, at an average of over 40 new Raif registrations every month.

Les actions indiennes ont nettement sous-performé le marché mondial et la sphère émergente sur les quatre premiers mois de 2023. En cause : une croissance décevante, mais surtout des controverses sur l’un des plus grands conglomérats du pays, Adani Group. La plupart des sociétés du groupe ont vu leur cours plonger.

Les portefeuilles d’investissement institutionnels en Europe pourraient bénéficier de plus de capital-risque, en particulier lorsqu’il s’agit de réaliser des investissements à impact vert, a déclaré Constantijn van Oranje-Nassau, l’envoyé des Pays-Bas pour les investissements technologiques, lors d’une interview podcastée par IO Talks. M. van Oranje, qui dirige Techleap, une initiative d’investissement technologique parrainée par le gouvernement néerlandais et basée à Amsterdam, a parlé du climat commercial mondial pour les investissements technologiques, des effets de la hausse des taux d’intérêt sur les investissements technologiques, des dilemmes liés à l’intelligence artificielle et du nouveau fonds d’investissement de l’OTAN, qui est structuré via le Luxembourg.

The latest edition of the Bank of America Global Fund Manager Survey shows that fund managers are still overweight equities while their expectations of future economic growth have come down considerably.

Indeed, the chart below shows that fund managers have never been so pessimistic about growth. Not during Covid and not during the Great Financial Crisis. The ‹mismatch› between expectations and positioning is extreme.

It’s the middle of May and the full-year results are in. For publicly listed companies it would be yesterday’s news. Tax filings have been made and many firms even reported their first quarter. But in private equity, with its long-term perspectives, the ‘old’ data still can be worthy of a cover story, certainly when it comes to a year like 2022, marked by war, inflation and surging interest rates. The Q4 2022 Burgiss report shows how the market did.

Markets globally expect earnings to rise over the next 12 months. Whether in the US or emerging markets, everywhere the expected earnings-per-share are above the current ones. Whether this will happen is doubtful.

Brown Brothers Harriman (Luxembourg) S.C.A. said on Thursday it has been selected by Schroders Capital as central administrator and depositary bank for the launch of its first European Long-Term Investment Fund, or Eltif.

La crise bancaire aux États-Unis a ébranlé les fondements de la sphère financière. Le top 5 de cette semaine met en lumière les fonds qui ont le mieux tenu le cap dans la tempête.

The upcoming arrival of retail investors in private markets, combined with  economic headwinds and the need for technological innovation, have placed all private asset classes at an inflection point from where institutional parties need to make significant investments in efficiency, technology and skills, said a survey released on Monday.

The money supply is rapidly shrinking, something that rarely, if ever, happens. In the United States, the money supply is shrinking by more than 4 per cent on an annual basis. And while there is an endless debate whether you should look mainly at the money supply or the money supply, as far as I am concerned, the latter is the most important.