Globe and money

Rebound in global markets and better data slow to stem rotation from equity to bond funds

Risk aversion continued to hold sway during the third week of October, with EPFR Global-tracked equity funds extending their longest outflow streak since Q412 and bond funds taking in over USD6 billion for the fourth week running. »


Euros

Luxembourg reaches record assets under management of over EUR3,000bn

Assets under management of Luxembourg domiciled funds reached EUR3,006.76 billion at the end of September 2014. »


Green light

LOIM launches diversified Alternative Risk Premia

Lombard Odier Investment Managers (LOIM) has built a long/short strategy across asset classes aimed at improving risk-adjusted returns with a low correlation to traditional investments. »


Handshake

New head of sales for Catella's funds

Catella has appointed Peter Elmhorn as head of sales in the firm’s Swedish fund operation. »


Announcement

Amundi acquires BAWAG PSK’s asset management subsidiary

Amundi is acquiring BAWAG PSK INVEST, BAWAG PSK’s asset management subsidiary. »


Green light

MAI Capital Management launches MAI Investment Management

MAI Capital Management has launched MAI Investment Management, which will provide targeted investment solutions, communication and support to investment professionals. »


Alexandre Jaumotte, PwC

SCSp gives real estate fund managers greater choice

PwC Luxembourg is the leading professional services firm in the country with around 2,400 people. Similarly, its Real Estate and Infrastructure team is the largest multidisciplinary team of specialists in the Grand Duchy with more than 250 experts supporting global real estate managers; these range from tax advisers and engineers to auditors and fund accountants. »


Kavitha Ramachandran, Maitland

Luxembourg leads in AIFMD stakes

By Kavitha Ramachandran, Maitland - As the alternative investment market matures, investors are increasingly demanding far more information and transparency from fund managers in return for their capital. Transparency is the new name of the game. In this regard, the Alternative Investment Fund Managers Directive (AIFMD) may be viewed as a single piece of regulation, but its ultimate aims are more or less in line with other regulatory changes such as MiFID II/MiFIR and PRIPS. There will come a point where the reporting and transparency requirements demanded under the AIFMD will become the minimum accepted standard needed to attract investors. »


Justin Partington, Ipes

Luxembourg develops the right ecosystem to support PERE managers

A true sign of how well a fund jurisdiction is doing is the level of growth, not just in new fund formations, but asset growth within administration firms. The onset of the AIFMD has opened up a new range of services for administrators, in particular by providing a Depo Lite solution to managers running non-EU funds. »


Mario Mantrisi, Senior Advisor to the CEO and Member of the Executive Board at KNEIP

Annex IV reporting: the challenges of a moving target

There is no experience as the one gained in the front lines. The fund industry struggles with changing regulation, and those companies whose business model is based on providing reporting services know best that the devil lies in the detail. The following are a number of observations after 12 months of report production and filing of the Annex IV Transparency Reports of AIFMD. »


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