T. Rowe Price introduces Luxembourg-based US equity fund
Fund based on existing US strategy
Luxembourg
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FE Fundinfo acquires Fundsquare
Deal will also see the Luxembourg Stock Exchange become an investor in the data and tech provider
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UK funds industry faces ‘hiring paralysis’ compared to EU rivals as Brexit cliff edge looms
Luxembourg asset managers have reported a 31% spike in jobs since 2016
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Overseas holdings in UK-domiciled funds halved in lead up to Brexit
Oeics and unit trusts shed over £40bn worth of foreign assets in 2018
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M&G Prudential spends £27m preparing for Brexit ahead of demerger
Prudential’s life and asset management business eyes opportunity in private markets
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Crux replaces feeder fund as Brexit planning moves to ‘worst case’
Boutique prepares to lose passporting on Richard Pease fund
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Uncertainty reigns: The 10 most read Brexit stories of 2018
From blue passports to pensions, Portfolio Adviser examines the most read Brexit stories of the year
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Failed Sicav targeted by financial investigator
Financial investigator David Mapley has launched a campaign to seek the return of $400,000 (£307,092) for a client who invested in the failed Columna Commodities fund.
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Industry ramps up relocation plans as Brexit nears
Luxembourg and Ireland are the top jurisdictions set to benefit from asset managers shifting operations to new locations over the next five years, according to a State Street survey.
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Aberdeen Standard Investments to set up Dublin hub
Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
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Luxembourg fund industry grows 11.18% in 2017
Luxembourg’s popularity as an international fund management centre helped boost assets under management (AUM) in the tiny Duchy by 11.18% in 2017 to reach €4.16trn, according to the Association of the Luxembourg Fund Industry (ALFI).
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M&G begins Brexit-linked shift of funds to Luxembourg
M&G Investments has begun to transfer the assets of four UK-domiciled open-ended funds with assets of around £9.3bn to equivalent funds on its Luxembourg platform.