Law firm of Kirby McInerney partner Randall Fox has been named the 2021 “Lawyer of the Year” by the Taxpayers Against Fraud Education Fund (TAFEF), a public advocacy group for whistleblowers.
The Commodity Futures Trading Commission has issued an order simultaneously filing and settling charges against UBS AG, a provisionally registered swap dealer, for failing to retain certain audio recordings for the time required under CFTC regulations.
If any jurisdiction can claim to be the home of the global fund industry, it is Luxembourg. The Grand Duchy is the second largest investment fund centre worldwide and the first in Europe, with an 8.8 per cent global market share in 2020 and is a prime location for alternative investment funds.
Visitors to Luxembourg are often surprised and pleased to discover that public transport is free. Step onto a tram in Luxembourg city, and there is no conductor to pay, and no machine to stamp tickets.
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.
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.
The Grand Duchy is set to capture an important chunk of the growing global market for alternative investment funds.
By Robin Pagnamenta – It may be one of Europe’s smallest countries, but Luxembourg has never lacked for ambition.
Appetite for Japanese equities appears to be turning a corner after years of investors underweighting the region, with the country’s rapid roll-out of Covid-19 vaccinations and hopes over its upcoming election driving share prices higher in September.
UK pension schemes are set to sharpen their focus of fund managers’ voting and engagements with investee companies, after a recent government taskforce highlighted the need to strengthen trustees’ voting rights.