The REIF sector in Luxembourg has grown by 214% since 2006 as revealed by a survey published by the Association of the Luxembourg Fund Industry (ALFI). The survey showed that Luxembourg is…
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Euroclear and Bank of New York face legal action
Several funds, such as Knighthead Capital Management (NLY), Redwood Capital Management (RWCB), VR Global Partners, Silver Point Capital, Perry Capital, Monarch Master Funding, Centerbridge Partners, Quintessence Fund and QVT Fund, holding Argentine…
Invesco’s head of money market funds retires
Mr David Taylor, former manager of the Luxembourg-based Euro and Dollar Reserve funds and the Dublin-registered AAA Money Market and head of portfolios, has retired after 18 years working as the head…
Ashmore creates new fund for Alex De Mones
Ashmore, managing €5.1 billion in short duration emerging markets debt, has created a Luxembourg based Ucits IV-compliant Sicav fund labelled the “Ashmore Emerging Markets Short Duration Fund”. This allows Alexis De Mones,…
Luxembourg seeking to expand international finance cooperation with Singapore
Luxembourg is looking to expand their international finance cooperation with Singapore on the basis that both countries share the best practice in private banking and asset management industries and are two key…
Fund industry strengthens ties between Luxembourg and China
In Beijing, a common alliance has been formed between the Asset Management Association of China (AMAC) and the Association of the Luxembourg Fund Industry (ALFI). The aim of this is to devise…
Two Luxembourg Sicavs Launched by Natixis
Two Luxembourg-based Sicavs have been launched by Natixis, aimed at institutional and retail investors. Mirova Funds is registered in seven countries, and Natixis AM Funds is registered in eight. Mirova is the…
Brazil-Guernsey Fund administration Deal
Providence Financial, the Brazilian fund administrator, is set to buy the Guernsey fund administration firm: Fund Corporation. All 10 of the current Fund Corporation employees will stay employed and join the newly…
Best Revenues in 4 Years for Asset Managers
Asset managers have achieved their largest growth since 2012, because of the strong growth in equity markets last year. Alternative markets gained the most. Accounting for 44% of the publicly traded firms…
Standard Life in Potential Discussions to Buy IGNIS
It has been confirmed that Standard Life are having exclusive and advances discussion with Pheonix Group Holdings, in order to potential buy Ignis Asset Management. Standard Life alone manages £224 billion of…