Ucits-induced financial crisis possible, Alfi report warns
Ucits assets seen quadrupling to €42trn by 2048 but fears illiquid sectors may spark crash
Luxembourg
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Sweden’s Öhman Group sells Luxembourg subsidiary
Swiss buyer Reyl hopes acquisition – which increases its AUM by €800m – will boost its business in Nordics
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Investigator steps up pressure on scam Sicav fund
David Mapley seeking to become director of Luxembourg-domiciled umbrella fund behind failed Columna Commodities Fund
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Columna fund investigator urges Luxembourg regulator action
CSSF ‘needs to intervene’ to shore-up Luxembourg’s reputation after ‘grossly negligent’ actions by Sicav fund directors
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Investec offers alternative investment Ucits range
The move to expand Luxembourg-domiciled fund range comes at a time when many asset managers are rejigging their international distribution strategies as Brexit looms.
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Financial investigator targets Luxembourg-domiciled “scam fund”
Columna Commodities fund pretended to invest in range of commodity-linked assets when in reality the bulk of money invested in the Sicav sub-fund had been loaned to a Hong Kong shell company.
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The great migration
Most global asset managers with London operations have begun revising their distribution strategies to ensure continued access to the EU as Brexit looms. But where are they are going?
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Bank of Singapore to open in Luxembourg
The private bank has received regulatory approval to operate a wealth management subsidiary in Luxembourg.
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Lack of EU unity ‘drags on European equities appeal’
In response to the eurozone’s first quarter drop in growth and the European Union’s discord over how to handle migration a German fund selector has reduced European equity fund allocations.
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Industry ramps up relocation plans as Brexit nears
Luxembourg and Ireland top jurisdictions set to benefit from asset managers shifting operations to new locations over the next five years, according to State Street survey.
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Blackrock amends derivatives policy on retail funds
Blackrock has written to investors to announce it is expanding the use of derivatives on its Luxembourg-domiciled retail fund ranges.
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M&G shifts €39bn to Luxembourg as Brexit looms
M&G Investments is planning to transfer €39.1bn (£34.2bn) worth of non-sterling UK assets to Luxembourg to hedge against possible risk ahead of Britain’s exit from the European Union.