Four years after the Alternative Investment Fund Managers Directive was first proposed, sending shock waves across the Continent, Europes asset management industry has largely come to terms with it, with some saying it lends itself to being marketed on global markets as a brand, much the way Ucits funds have been.
The Luxembourg Parliament has today adopted new laws in order to implement the Alternative Investment Fund Manager Directive (AIFMD).
Luxembourg’s finance minister is holding up the EU’s planned agreement on the sharing of tax information between member countries, according to media reports.
The Association of the Luxembourg Fund Industry has elected Anouk Agnes, its director of communications and business development for the past year, deputy director general.
The main Irish and Luxembourg funds industry associations have largely welcomed the publication, on Wednesday, of the final so-called AIFM Directive Level 2 regulations, saying that they bring much-needed clarity to the situation.
Mark Saluzzi, president of the Association of the Luxembourg Fund Industry (ALFI) expects Mexico to authorise passive investments for Ucits in the first quarter of 2013.
New rules that would oblige investment funds domiciled outside of the UK to provide clean share classes to the British market if they wish to continue to market there after January 2014 are attracting growing concern from cross-border asset managers.
The number of funds domiciled in Luxembourg and net sales both increased during 2011, according to the latest annual review by the countrys mutual fund trade body.
The Association of the Luxembourg Fund Industry has elected its new president.
The vast majority of Luxembourg domiciled REIFs only invest in European property, according to Alfi.
China is finally paving the way for foreign investors to make direct investments in its stock market
While providers prepare for the costs of the KII, CSSF warns there could be more changes ahead.
