08.00

Registration


08:45

Welcome address by ALFI

  • Emmanuel Gutton

    Emmanuel Gutton Director Legal & Tax Association of Luxembourg Fund Industry (ALFI)


08.55

Opening by chairperson


09.00

Luxembourg toolbox’s success story

Luxembourg toolbox’s success story : for more than 30 years US managers have set-up Luxembourg funds to tap into European markets and beyond.
As they have grasped to navigate the recent distribution and regulatory maze, they are now gearing-up for new products as the legislative pendulum is swinging again towards novelty.


09.15

Evolving EU distribution landscape: the Luxembourg gateway

As the European fund market continues its expansion, Luxembourg keeps being the leading global fund distribution hub. The attractiveness of the European market and the success of Luxembourg in particular as major investment fund centre will be discussed by the panellists who will present the latest structures and trends, the new rules for distribution introduced by the cross-border distribution directive as well as the increased interest for retailisation of private funds.

Moderator

Panellists


09.55

Expanding Retail Access to Private Markets

Demand among retail investors for alternative assets is expected to increase in the next decade, driven by attractive returns in a volatile market. As a result of this growing appetite, authorities are increasingly pushing to open private market products to retail investors to stimulate capital growth and meet industry demand. In addition to regulatory changes, new technologies have emerged which facilitate access to private markets via digital platforms. In a survey on alternative fund managers, 35% expect retail investors to account for a larger proportion of their AUM in the next 5 years (Preqin’s Future of Alternatives 2025).

This session will explore how alternative fund managers are capitalizing on this trend and the options available to access the retail market.

  • Cyril Schopfer

    Cyril Schopfer Director, Global Client Coverage RBC Investor & Treasury Services


10.15

Break


10.45

One year on, what do both SFDR and the Taxonomy regulation imply for US asset managers managing or marketing funds in the EU?

The EU is in the process of implementing the Sustainable Finance Disclosure Regulation (SFDR) and the Taxonomy regulation that set out rules for the disclosure of considerations of sustainability factors in investment decision-making and advisory processes. The aim is to enable end investors to make informed investment decisions but to also set out a green classification system that translates the EU’s climate and environmental objectives into criteria for specific economic activities for investment purposes. These regulations apply to financial market participants and financial advisors, and also to those marketing themselves in the EU.
The discussion will revolve around the current dynamics of regulatory ESG requirements in the EU, the challenges and practical guidance for US fund managers as well as investors’ demands on SFDR classification.


11.10

Is it time for crypto assets to take a seat at the asset managers’ table?

The weight of crypto-assets under management of professionals of the asset-management industry is still negligible when compared to global market capitalisation. As crypto-assets are heading to the mainstream, a significant growth of the investor pool and a corresponding need for professional advice and services are expected to increasingly materialise in the near future. The opportunity for crypto-asset management is clear, and asset managers and service professionals are ready to meet market demand while ensuring professional services of the highest standards, both crypto-assets and related service providers’ due diligence and along with best-in class customer experience.
Let’s take a look at these considerations through the Luxembourg lens and beyond.


11.30

Luxembourg as the gateway to EU for US managers – fireside chat about a first-timer’s success story

Listen to the practical experiences of an innovative US asset manager regarding the set-up of his first Luxembourg fund and get valuable insights on the operational aspects of fund launches from a Luxembourg host AIFM.
Two industry experts will share their perspectives on the following questions, and on many more:
– Why Luxembourg?
– How to choose the right vehicle, operating model, and service providers?
– How to succeed in setting up operationally and onboarding service providers?
– What are the available distribution models?

Co-interviewers

Panellists

  • Jan Vanhoutte

    Jan Vanhoutte Managing Director & Conducting Officer (AIFM) Vistra Fund Management S.A.


12.00

Chair of the day's wrap up and closing remarks