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The Gulf Region is important to the Luxembourg fund industry and this is reflected in the frequent visits by ALFI representatives. The Luxembourg investment fund association takes the region so seriously that it set up its first non-Luxembourg based working group in Dubai. In an LFF interview, ALFI chairman Claude Kremer (picture) speaks about business in the Gulf Region and about challenges for the fund industry.
How has the fund industry recovered from the financial crisis?
The European fund industry has clearly shown its resilience. During the crisis assets under management fell by 25%, but now we are back to all time highs. Obviously this has a lot to do with stock market recovery but it is also due to a steady inflow of...
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