Investissement

Swiss-based real estate investment manager Empira has sold a 16,000 square metre property project in Vienna for an undisclosed amount. The property had been held through a Luxembourg Reserved Alternative Investment Fund.

The Zug, Switzerland based firm had only bought the property two years ago. In a statement, Empira spoke about a “successful sale at attractive terms… exactly in line with the investment approach of this product”. 

Luxembourg-based Cube Infrastructure Managers (Cube IM) has finalised the purchase of the Czech activities of Germany energy firm MVV Energie AG. The transaction has  been done through the “Cube Infrastructure Fund III” brownfield fund, under the corporate form of Cube III Energy CZ s.r.o. Financial details were not disclosed.

Les deux prochains hivers s’annoncent difficiles pour le Vieux Continent, avec un approvisionnement en énergie qui va devenir de plus en plus compliqué.

Quintet sees little cause for celebration when the world rings in the new year, the Luxembourg private bank said in its 2023 outlook. The year ahead will be one of two halves: once central banks stop raising interest rates, a new cycle of uneven, global growth will begin. High-dividend and low-volatility equities may provide an opportunity to reduce portfolio risk, the firm’s investment officers said.

Looking ahead to 2023, emerging market funds specialist East Capital has positioned itself for a period of “fat and flat” returns in the belief that 2022 has likely marked the end of a lucrative super cycle fuelled by ultra-low interest rates and abundant liquidity. 

Apex Group on Tuesday said it has been appointed by BrightEdge LLC, the impact investment and venture capital arm of the American Cancer Society, to support the ACS Impact Venture Fund with fund administration services.

Cette année, les investisseurs européens ont cherché refuge dans les titres du Trésor américain à échéance courte et dans le dollar.

La Fed, toujours la Fed

German judges handed down an important verdict this week: EU treaties are no obstacle to shared debt in the union. The ruling comes shortly after the European Commission called for new joint injections into the economy. “As an investor I would carefully reconsider my bond portfolio,” one critic warns.

On Tuesday, the German constitutional court in Karlsruhe ruled that “exceptional” EU loans to overcome problems caused by the Covid-19 pandemic do not violate European treaties.

Luxembourg has recently seen the launch of the Luxembourg Valuation Professionals Association, also known as LVPA. Valuations are “extremely strategic for building trust with your investors,” said Hind El Gaidi, one of the LVPA’s co-founders. For this Luxembourg edition of the IO Talks podcast, El Gaidi spoke to Investment Officer together with three fellow co-founders: Christophe Vandendorpe, partner at EY; Rafaël Le Saux, director at PwC; and Antoine Boggini, co-founder at BHB & Partners, an independent advisory firm.

Ces dernières années ont été mouvementées en Chine : pandémie, agitation sociale de plus en plus palpable, tensions géopolitiques et crise de l’immobilier sont quelques exemples des turbulences auxquelles le pays a été confronté. Et pourtant, le président Xi Jinping a encore assis un peu plus son hégémonie.