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With 3,741.33 billion EUR of assets under management as at 31 December 2016, an annual growth of 6.7%, Luxembourg reports another new record of assets under management in investment funds domiciled in Luxembourg. Luxembourg is well-known as a UCITS fund hub, however since the introduction of the Alternative Investment Fund Managers Directive (AIFMD), the Association of the Luxembourg Fund Industry (ALFI) has seen increasing interest from asset managers of Private Equity, Real Estate and Hedge funds.
Commenting on the figures, Denise Voss, Chairman of ALFI, said: "These record figures and the strong net sales that we continue to see demonstrate that Luxembourg remains a preferred global fund hub. We were particularly pleased to receive recognition of this by being...
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