Catch up on highlights, regulatory news, new publications and much more

Welcome to the ALFI fund industry community.

 

You are receiving this communication as you have shown interest in some way in the Luxembourg fund industry. Whether it was from participating in one of our events or registering your contact information for updates, you took a first step closer to progress. As an ALFI member, you can benefit from even more content. For more information, visit our website.

Latest statistics as at 31 January 2022
  • At the end of January 2022, net assets stood at EUR 5,686.119 bn;
  • The increase over the last 12 months amounted to EUR 635.987 bn or 12.59%.
  • 1686 RAIFs have been established since launch mid-2016.
Regulatory news

On 4 February 2022, ALFI responded to the EBA consultation on Initial Margin Model Validation (IMMV) under EMIR.

Visit the ALFI website for more statements and press releases

Publications

On 10 February 2022, the LHoFT published and presented a comprehensive crypto-assets study to assess how Luxembourg’s asset management industry considers the potential opportunities and challenges of this new asset class. The study and report were developed with PWC and the active support of ALFI.

 

This new guideline reserved to ALFI members aims to highlight the key principles for organising a risk management function and to provide a set of common practices that Boards and senior management of IFMs and management (rather than investment) companies (“ManCos”) may wish to consider when developing initially, and reviewing on an ongoing basis, the adequacy of their permanent risk management function. 

The document is reserved to ALFI members only. Become an ALFI member to gain access.

On 14 February 2022 ALFI published its Q&A document on the reduced subscription tax for European taxonomy compliant investment funds.

The document has been prepared by the dedicated ALFI Subscription Tax Working Group and provides investment funds and the asset management industry with insights on the practical implementation of article 174 paragraph 3 of the amended law of 17 December 2010 on undertakings for collective investment which introduced reduced subscription tax rates for investment funds investing in sustainable economic activities.

ALFI will be inviting its members to an ALFI event on the subject of the Reduced Subscription Tax for EU Taxonomy Compliant Investment Funds on 21 June 2022. Speakers and details of the event will be announced in due course.

The document is reserved to ALFI members only. Become an ALFI member to gain access.

This document was prepared by the ALFI Private equity and venture capital sub-committee and presents the working group’s interpretation and understanding of the requirements for the establishment of the manager of funds covered by the Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds. The purpose of this document is to consider in detail the status of ”EuVECA manager”, elaborating on some of the specific EuVECA Regulation requirements, without prejudice to the application of rules resulting from other laws and regulations.

The document is reserved to ALFI members only. Become an ALFI member to gain access.

Our upcoming events

When: 22-23 March 2022

The asset management industry is entering a new era: measuring the impact of sustainable funds, investing in digital assets, working with SFDR and the EU Taxonomy, building cyber resilience, managing and attracting talent are nothing but a few of the subjects transforming the value chain of investing.
 👉 Reserve your spot today.

Mark your calendars with interesting ALFI events.

17 March 2022

21 April 2022

2 May 2022

25 May 2022

2 June 2022

16 June 2022

ALFI in the news
🎥 Latest video

Despite the global Covid-19 pandemic, the Luxembourg real estate fund industry saw assets under management increase by almost 15% over the last twelve months, compared to last year’s 11% growth, bringing total assets under management to 104.4 billion euro. The number of vehicles surveyed has grown by 69, bringing the total to 518. View the video.

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Job offers

Are you looking for a job? ALFI members continuously post open job positions for a wide range of different roles. We invite you to scroll through the list and find a job that you think fits best.

Membership corner

Join the ALFI community and take advantage of the full range of offers and resources we provide, such as access to our job market, industry statistics, members-only documents (guidelines, FAQs, best practices...), sponsorship opportunities and much more. 

 

Not an ALFI member yet? Apply for your membership today.

 

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ALFI, Association of the Luxembourg Fund Industry

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