|
By Andia SHTEPANI, Head of Advisory George ZAIRIS, Assistant Manager Business Advisory, Grant Thornton Luxembourg
It is an undeniable fact that Luxembourg is a popular destination for private equity and real estate funds due to its favourable tax and regulatory environment. Despite the well-established financial industry and the solid legal framework which is supportive to investment funds, Luxembourg’s fund industry was met by a surprise as at the end of 2022.
Assets under management (AuM) dropped from EUR 5.859 trillion, the all-time high reached at the end of 2021, to EUR 5.028 trillion as at the end of 2022. Based on the figures of the CSSF, this represents a 14.18% fall during this 12-month period and could well sound the alarm to...
|