Sunday, 23 November 2014
Last updated 2 days ago
Jun 22 2012 | 11:38am ET
The tiny Grand Duchy of Luxembourg is still the biggest domicile for European funds—and it's bigger now than ever.
Luxembourg-domiciled funds had €2.225 trillion in assets at the end of April, the Association of the Luxembourg Funds Industry said. That is a nearly €300 billion increase from the end of last year.
"Following a year of political uncertainty which has led to turmoil in financial markets, we believe that this growth in assets under management in Luxembourg marks a return of confidence in investment funds," ALFI Chairman Marc Saluzzi said.
Saluzzi added that he remains cautious despite the record-setting figures, due to new regulation under consideration in Luxembourg. "The Financial Transaction Tax in particular could have a substantial negative impact on investors, and ALFI continues to work to ensure that policies are beneficial to the fund industry and its clients."
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...