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By Dr Marcus Peter & Irina Stoliarova – 2020 was a challenging year for the Luxembourg funds market. Despite a strong start in January and February, the Covid-19 pandemic caused a slowdown to fund set-up and net asset developments due to valuation issues and travel restrictions. However, it should be noted that the Luxembourg investment fund industry remained robust given the market regained growth starting mid-2020 and continuing into the third quarter of 2021.
This positive development was driven predominantly by increasing net assets and incoming new commitments to the fund vehicles. Net assets under management in Luxembourg investment funds
By Stephane Pesch – The private equity and venture capital industries have shown tremendous growth and have attracted lots of attention and new investors over the last years due to their inherent qualities (strong performance and returns, long term approach, focus on value creation, financing of the real economy and innovation).
Thriving sectors embed lots of upsides and allow practitioners and future practitioners to be exposed to a high pace (certainly correlated with hard work and robust initial skills), quite agile and forward-thinking industries (e.g. at the forefront of technology and other investment trends), intellectually enriching activities and experiences, varied tasks
One of Luxembourg’s big advantages has always been its small size, which has allowed successive governments to introduce new rules with a speed and nimbleness that bigger nations would struggle to replicate.
Time and again, the Grand Duchy has used speedy and favourable regulation to bolster its financial sector.
It is a consistent, first mover-based approach which has helped to cement its place as one of Europe’s leading financial services hubs, especially for the domiciling of funds by private equity firms and asset managers.
A new draft securitisation law working its way through Luxembourg’s parliament – which will reform existing
By Jevgeniy Nesch and Virginie Leroy, AKD –
Private equity and venture capital are amongst the key investment fund strategies showing the strongest growth in the last decades. Even if at the beginning of the Covid-19 pandemic, some PE and VC funds faced challenges such as a reduction in the activity of their portfolio companies, valuation difficulties, exchange rate volatility and liquidity, most of the fund managers were able to adapt and address those issues in an efficient, rational, cost-effective and prudent manner. In addition to the handling of the day-to-day challenges, PE and VC fund managers have also discovered
Luxembourg is widely regarded as a prime location for investment in private assets such as private equity, private debt, real estate and infrastructure. Much of its success in this field can be attributed to innovative investment vehicles which are success stories in themselves, and a perfect match for the dynamism of private assets investment.
The Grand Duchy is set to capture an important chunk of the growing global market for alternative investment funds.
It may be one of Europe’s smallest countries, but Luxembourg has never lacked for ambition.
The Bermuda Monetary Authority (Authority or BMA) has appointed Craig Swan and Donald Scott as Chief Executive Officer (CEO) and Chairman of the Board of Directors (Board), respectively.
Scott has held the position of Deputy Chair of the Authority’s Board since 2019. During this time, he has served on several Board committees, including the Corporate Governance and Ethics Committee, Human Capital Committee, Legislative and Policy Committee and Non-Executive Directors Committee. Prior to his appointment to the Board, Scott’s 30-year career was Bermuda-focused, working in Government in the technical areas of gross domestic product and national income compilation and also in
Global Fund Media Ltd is pleased to announce the editorial buy out of ETF Express and Wealth Adviser. As of 1 October 2021, Beverly Chandler and her team will be responsible for the continued evolution of the two titles.
The respected ETF Express ETF awards in the US and Europe will continue as a partnership between Global Fund Media and ETF Express. The US ETF awards have just enjoyed their third and largest outing, while next March will see the twelfth outing for the much-loved ETF Express European ETF awards.
Chandler says: “I am very excited at the opportunities that lie