ALFI’s response to the IOSCO consultation report on private equity conflicts of interest
25 January 2010 | Statements and Position Papers
ALFI represents the Luxembourg investment management and fund industry. It counts among its membership over 1,300 funds and asset management groups from around the world and a large range of service providers. According to the latest CSSF figures, on October 2009, total net assets of undertakings for collective investment were 1,778 trillion euros.
There are 3,454 undertakings for collective investment in Luxembourg, of which 2081 are multiple compartment structures containing 10,874 compartments. With the 1,373 single-compartment UCIs, there are a total of 12,247 active compartments or sub-funds based in Luxembourg.
According to September 2009 EFAMA figures, Luxembourg’s fund industry holds a market share of 29.6% of the European Union fund industry, and according to 2008 Lipper data, 75.2% of UCITS that are engaged in cross-border business are domiciled in Luxembourg.