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Luxembourg Fund Services 2018

Wed, 07/11/2018 - 12:30

Looking for a post-Brexit, EU hub for global fund distribution? This report reveals how Luxembourg offers a complete toolbox for the job, from innovative fund structures such as the RAIF to solutions for the blockchain and cryptocurrency investment era…

The 'Luxembourg Fund Services 2018' special report comprises 11 separate articles listed below, these can be read individually or as a sequence.
James Williams, Global Fund Media

Luxembourg deepens its alternative fund roots

Wed, 07/11/2018 - 12:42

Luxembourg’s funds industry enjoyed a good period of growth last year, a period during which assets under management grew, on average by 15 per cent, asset flows grew by 5 per cent, profits grew by 10 per cent, while margins were broadly maintained somewhere close to 37 per cent.  »

Sean Murray, SANNE

Luxembourg’s innovation has created perfect marriage of opportunity

Wed, 07/11/2018 - 12:50

In a recent article with Private Equity Wire seven months ago, Sean Murray, Managing Director, Alternative Assets (EMEA) at SANNE – a leading provider of alternative asset and corporate administration services with more than EUR235 billion in AuA – discussed a definitive trend among PERE fund managers to outsource their internal accounting and reporting processes.  »

Timothe Fuchs, Fuchs AM

RAIF: a creative vehicle for investing in tomorrow’s world

Wed, 07/11/2018 - 12:53

Fuchs Asset Management SA (‘Fuchs AM’) is the Management Company (‘ManCo’) within the family-owned Fuchs Group located in three jurisdictions: Luxembourg, Belgium and Switzerland. As an authorised AIFM, it provides the services and the knowledge (governance, risk management & compliance, portfolio management and distribution) for asset managers, private banks, family offices and entrepreneurs wishing to launch AIFMD & UCITS compliant vehicles as easily as possible. »

Anne-Gaelle Delabye, Ogier

Parallel structures – the Luxembourg solution

Wed, 07/11/2018 - 12:56

By Anne-Gaëlle Delabye & Tara Kapur – Non-EU managers seeking access to European capital are more frequently looking to Luxembourg parallel structures due, in part, to their flexibility and the features that the Luxembourg limited partnerships share with the Anglo-Saxon model. Ogier’s Luxembourg investment funds team – working in partnership with our teams in the BVI, Cayman and Hong Kong – have extensive experience of structuring parallel funds for clients in the US and Asia. »

Joelle Hauser, Clifford Chance

Luxembourg has the toolbox for global distribution

Wed, 07/11/2018 - 12:58

Luxembourg continues to see net inflows of capital and is now the world’s second largest fund centre with, as of August 2018, EUR4.3 trillion worth of net assets under management, and this only in regulated funds, according to the Association of the Luxembourg Fund Industry (ALFI). »

Aleksander Jakima, Circle Partners

Connecting the dots

Wed, 07/11/2018 - 13:01

Luxembourg’s Reserved AIF (RAIF) has completely changed the Grand Duchy’s alternatives marketplace, from a fund structuring perspective. Over the last three decades it has become the de facto onshore jurisdiction for UCITS funds, but this has started to change in the last few years.  »

Kavitha Ramachandran, Maitland

Brexit as a digital catalyst

Wed, 07/11/2018 - 13:05

By Kavitha Ramachandran – Brexit is a major political disruptor and, despite the uncertainties, it brings tremendous opportunities. London is a key financial centre and it is no surprise that while we wait for the final negotiations to fall in place, financial industry players have started taking action to create a presence on the Continent to stay competitive and continue to attract capital. As a result, the asset management industry is seeing a shift from the UK to the Continent which is creating opportunities for countries in the EU27.  »

James Burke, Apex

Apex primed to support UK fund managers post-Brexit

Wed, 07/11/2018 - 13:09

Since Brexit has become a reality, UK managers have been putting in place contingency to protect their businesses, creating opportunities for other European financial centres including Luxembourg. Once the UK leaves the EU next year neither the UCITS or AIFMD regimes will apply and UK entities will no longer be able to manage and market their funds in the EU.  »

Robert Kimmels, PraxisIFM

Private equity exits critical in current environment

Wed, 07/11/2018 - 13:13

Private equity is sitting astride a mountain of dry powder, which currently stands at USD1.14 trillion according to Preqin*. Fund raising has never been easier but with so much money floating around, valuations are being driven upwards.  »

Daniela Klasen-Martin, Crestbridge

Added substance supports third party AIFM model

Wed, 07/11/2018 - 13:17

On 23 August 2018, Luxembourg’s regulator, the CSSF, published a Circular 18/698 which set out to codify the organisation, substance and authorisation of Luxembourg investment fund managers. Amongst others the Circular replaces Circular 12/546, which detailed the CSSF’s expectations for UCITS managers and also served as the benchmark for AIFMs under the AIFM Directive.   »

Arne Bolch, GSK Luxembourg

Disclosure requirements for sustainable investments

Wed, 07/11/2018 - 13:20

By Arne Bolch, GSK Luxembourg – The 2016 Paris agreement on climate change as well as the United Nations 2030 Agenda for Sustainable Development and its Sustainable Development Goals may until recently not have been high on the agenda of asset management professionals. This may be about to change.  »

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