|
One of the more contentious issues to arise out of the MDO roundtable held on Wednesday 12 March in Luxembourg was an analysis of the factors that banks and funds may consider when choosing to create their own Management Company in Luxembourg. It is known that there are already many applications in the inbox of the regulator (CSSF), but it is less clear in the medium to long term how the market will evolve. Luxembourg continues to maintain its place as the leading domicile for funds within Europe with Euro 2.6TN net AuM. The reputation of the brand also remains strong with continued reports of fund managers choosing Luxembourg to add credibility to their global distribution objectives.
Industry experts in the main agree that if a fund has approximately 2.0 bn assets or...
|