Luxembourg 2014

YouthConcerns are growing that Luxembourg's negative rating for tax transparency standards will scare off supranationals and large institutional investors. Stefanie Eschenbacher finds the move is perceived as a politically motivated one.

SqueezeAsset managers may have to raise the total expense ratios on their funds as the cost of regulation is squeezing their margins. Stefanie Eschenbacher reports on the cost implications of Ucits V and the Alternative Investment Fund Managers Directive.

FriendsThe Ucits regime is speeding ahead of itself. As it enters its sixth phase, increasing complexity means there is a need to consult more with non-European regulators, Nick Fitzpatrick finds.

Camille ThommesLuxembourg has been sidelined in Hong Kong's mutual fund recognition agreement with China. Camille Thommes of the Association of the Luxembourg Fund Industry talks to Stefanie Eschenbacher about the future of Ucits, alternative investment funds and socially responsible investment.

The Grand Duchy's new government, Ucits fund governance, and costs are some of the topics debated by our industry panel. Edited by Nick Fitzpatrick.

Jean-Daniel ZandonaA consensus is developing about the outcome for Europe's funds industry in light of retrocession bans, says Jean-Daniel Zandona, director, sales management & fund solutions, at Credit Suisse.

PillarsBehind the hullabaloo of its Ucits industry and the emerging AIFMD sector, Luxembourg is building a third 'pillar' based on responsible investment. Nick Fitzpatrick reports.

Trapeze womanRisk profiles of alternative investment funds are completely different than those for Ucits products. This is an issue vital to the success of the AIFMD brand, say Norddine Bennani and Dominique Marchal, of Bennani & Marchal Associates.

Asset managers need the help of asset servicers as the Alternative Investment Fund Managers Directive, Ucits V and a whole lot of other regulation hits the industry. The participants of our roundtable in Luxembourg discuss in which areas their clients lag, where the limitations of their help is and how blind dating introducing clients to a corporate network is becoming increasingly popular. Edited by Stefanie Eschenbacher.