This section includes press releases issued by ALFI.
Access Africa Fund LLC, a Delaware company formed by CARE USA, have been granted the LuxFLAG Microfinance Label. This first non-Luxembourg domiciled Microfinance Investment Vehicle is managed by MicroVest Capital Management and invests in microfinance projects in sub-Saharan Africa. This confirms the continuing interest in the LuxFLAG Microfinance Label on the international level and reinforces its importance in terms of providing greater transparency to investors.
24 MIVs have been granted the LuxFLAG Microfinance Label as of April 2012, representing approximately USD 3.48 billion in Assets Under Management.
At its Spring Conference 2012, ALFI set out its response to key regulatory changes that will impact the fund management industry. Marc Saluzzi, chairman of ALFI, acknowledged the need for better regulation in the wake of the financial crisis, but also warned that excessive and poorly targeted and executed regulation would harm the funds industry and its customers.
Discussions at ALFI’s Spring Conference on 13th & 14th March 2012 in Kirchberg, Luxembourg will be posted live at http://www.alfievents.com/. The blog will focus on key points and highlights from the conference’s presentations and panel debates to discussions.
ALFI is pleased to announce the recruitment of Ms Anouk Agnes as new Director for Communications and Business Development.
The Luxembourg Fund Labelling Agency (LuxFLAG) is pleased to announce that the second application process for the LuxFLAG Environment Label is open now. The deadline for introducing applications is 20 February 2012.
The Luxembourg funds industry continued to expand over the last 12 months despite the eurozone crisis and declines in major stock indices. The number of funds in Luxembourg rose by 4.84% to 3,833 and net sales amounted to €16.998bn. While total AUM decreased over the period by €101.453bn, mainly as a result of market depreciation, total assets under management were still a steady €2,059.419bn, second globally only to the US.
Three environment funds receive first LuxFLAG environment accreditation and additional recognition for microfinance funds- Press releases
LuxFLAG, the Luxembourg Fund Labelling Agency, has granted three investment funds specialising in environmental investment the LuxFLAG Environment Label status. With more than USD 400 million under management the three funds are the Green for Growth Fund ‐ Southeast Europe, Lux-Equity Eco Global and Parvest-Environmental Opportunities.
On the occasion of the ALFI EAIF Conference Oliver Wyman presented the study Alternative Investment Funds Domicile, commissioned by the Association of the Luxembourg Fund Industry (ALFI). The study looks at which major offshore centres of fund domicile are currently used by alternative investment funds, looking separately at hedge funds, private equity funds and real estate funds.
The Association of the Luxembourg Fund Industry announces that proceedings at its EAIF Conference will be reported through a live blog,
Updated structure of ALFI Technical Committees can be downloaded here.