Luxembourg 2011

Board-roomFund directors are spending more time in board meetings as corporate governance levels across Luxembourg funds increase, finds Nick Fitzpatrick

CorsetCustodians had barely had time to take a breath following discussions around the controversial AIFM Directive, when suddenly Ucits V was tabled, rekindling the debate on depository responsibility, says Angele Spiteri Paris


Toy_soldiersAs Luxembourg looks to attract more alternative assets, specialist asset servicing providers are finding new ways of competing with the big one-stop-shop banks. Angele Spiteri Paris reports.

Camille-ThommesAlfi has been expanding overseas. Director general Camille Thommes talks to Angele Spiteri Paris about new markets for Luxembourg funds.


Chrisophe_GirondelNordea Investment Funds’ head of global distribution, Christophe Girondel, talks to Nick Fitzpatrick about product demand and the firm’s position in Latin America.


Kid_with_brushGood financial modelling of real estate funds means investors can ensure they are achieving their objectives, say Michael Hornsby, Nicolas Gillet, and Nicolas Bolland, of Ernst & Young’s Luxembourg practice.


seedling_in_hands_410Luxembourg’s fund labelling agency, Luxflag, is expanding on its microfinance focus and has international ambitions. Laëtitia Hamon talks about the agency’s beginnings and its plans for the future.


Newtons_ballsThe MiFID review proposes a change in the classification of more sophisticated Ucits funds that could threaten the growth of these new products. Nicholas Pratt investigates.


It was meant to reduce the number of funds in Europe but according to our panel, Ucits IV will fail to do so.

In this part the executive panel discuss how Ucits IV influences cross-border distribution and how Aifm already affects alternative investments.