Sign up for free newsletter

 

Luxembourg Fund Services 2014

Fri, 24/10/2014 - 12:52

Luxembourg is not resting on the success of its SCSp regime. With PERE debt funds on the rise, a potential Reit product on the horizon, and a RQFII programme to tap in to, global managers suddenly have a number of compelling reasons to use Luxembourg as t

The 'Luxembourg Fund Services 2014' special report comprises 9 separate articles listed below, these can be read individually or as a sequence.
James Williams, Hedgeweek

Luxembourg braces itself for increased PERE fund activity

Fri, 24/10/2014 - 13:01

According to figures released by ALFI at the end of July 2014, there were 3,891 funds with total assets of EUR2.90trn. By comparison, at the end of 2013 the size of Luxembourg’s fund industry was EUR2.61trn with 3,902 funds. During 2013 the number of sub-funds increased by 265 and there were 279 SICARs established. Between end-2012 and end-2013, the number of Specialised Investment Funds (SIFs) – Luxembourg’s most popular regulated fund vehicle – increased from 1,485 to 1,562. »

Hugh Stevens, head of Private Equity and Real Estate Services at BNP Paribas Securities Services

Coping with the demands of risk transparency

Fri, 24/10/2014 - 13:07

Today’s prevailing narrative is quite simple: heightened demands for a transparent view of investment risks are putting considerable pressure on private equity and real estate fund managers, and their service providers. »

Paul Van den Abeele, Clifford Chance

SCSp is now part of the fund structuring toolbox

Fri, 24/10/2014 - 13:13

“The Special Limited Partnership (SCSp) has been successfully introduced into Luxembourg law. It is set to benefit from onshore fund activity following the AIFMD and is of particular interest to Anglo-Saxon managers and investors given their familiarity with limited partnership structures,” explains Paul Van den Abeele (pictured), Partner at Clifford Chance (Luxembourg). »

Jesper Steiness, Advent

Growing appetite for hybrid fund structures

Fri, 24/10/2014 - 13:28

“There has been a lot of fund activity in Luxembourg this year focused on private equity and real estate. It’s an area of growing investor demand. They are looking for different options now and ways for investing that go beyond hedge funds,” observes Jesper Steiness, director of business development EMEA at Advent (Luxembourg). »

Jean-Daniel Zandona, Director, Financial Institution/Asset Managers at Credit Suisse Luxembourg

Full service menu to handle European regulations

Fri, 24/10/2014 - 13:32

It is fair to say that alternative fund managers are feeling a degree of regulatory fatigue. Every month, it seems, there are updates, developments and areas of additional compliance. But whilst on the surface this can appear overwhelming, digging a little deeper reveals that service providers are positioning themselves to offer a more complete set of value-added solutions. »

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

Annex IV reporting: the challenges of a moving target

Fri, 24/10/2014 - 13:36

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. »

Justin Partington, Ipes

Luxembourg develops the right ecosystem to support PERE managers

Fri, 24/10/2014 - 13:41

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. »

Kavitha Ramachandran, Maitland

Luxembourg leads in AIFMD stakes

Fri, 24/10/2014 - 13:47

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. »

Alexandre Jaumotte, PwC

SCSp gives real estate fund managers greater choice

Fri, 24/10/2014 - 13:53

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. »

specialreports
other gfm publications