Alternatives in Luxembourg
AuM in alternative investment funds continue to grow, as investors look for new avenues to identify yields in the current low interest rate environment. “As a fund centre, Luxembourg is second only to the US. Luxembourg continues to lead Europe with a 36% share of AUM by UCITS funds. In the alternative sphere,
Luxembourg represents 10.5% of the European market, or 568 billion euro. 235 AIF Managers have been authorised by the country’s regulator – the Commission de Surveillance du Secteur Financier (CSSF) and 605 AIFM’s have registered with the CSSF. Luxembourg is also more and more a centre of fund administration for non-Luxembourg funds, including alternative funds established in other European and non-European countries, especially for real estate and private equity.
The pan-EU marketing passport provided under AIFMD has been taken up with interest by fund managers and this is something that will benefit Luxembourg’s many thriving third party AIF and UCITS management companies,” said Denise Voss, Chairman of ALFI.