📅#ILAevents Several important nuggets of information were given to participants at the 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗙𝘂𝗻𝗱𝘀 – 𝗹𝗮𝘁𝗲𝘀𝘁 𝘁𝗿𝗲𝗻𝗱𝘀 𝗮𝗻𝗱 𝗲𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀 breakout session at the Directors' Day. Some of this information resulted from a recent meeting between ILA’s Investment Fund Committee and the CSSF. Among the topics discussed: 🔹Conflicts of interest 🔹Costs and fees 🔹Refinancing alternatives 🔹Managing retailisation 🔹Sign up on #eDesk 🔹#AML checks on non-supervised funds 🔹Update the #RBE Read the full article here 👉 https://lnkd.in/eRQvve49 #Directorsday2023 #Fund #Governance #Corpgov
Institut Luxembourgeois des Administrateurs (ILA)’s Post
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Wondering what a catch-up tranche is? Unsure about the difference between a closed-end fund and a closed fund? This guide will help. https://hubs.ly/Q02JQwkH0
Private Market Investment Term Glossary
upmarket.co
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Wondering what a catch-up tranche is? Unsure about the difference between a closed-end fund and a closed fund? This guide will help. https://hubs.li/Q02JQxSb0
Private Market Investment Term Glossary
upmarket.co
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"Is investing R15k monthly in a global equity fund wise?" Marius answers a reader’s question and gives valuable insights and considerations for global equity funds. Read the full article by Marius Fenwick, CFP®. #InvestingWisdom #GlobalEquity #OffshoreInvesting #FinancialAdvice #LongTermInvesting
IS INVESTING R15K MONTHLY IN A GLOBAL EQUITY FUND WISE? — WealthUp
wealthup.co.za
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Private equity, real estate, and other firms frequently explore new jurisdictions to gain better access to investors and capital. While establishing a fund in a new location can offer these and other advantages, it also presents challenges and potential risks. To gain insights into the most common obstacles managers encounter when creating cross-border funds, Vistra interviewed three seasoned professionals with extensive experience in fund administration. https://lnkd.in/g__VXUbi #FundAdministration #VISTRA #ProgressWithoutFriction #RealEstate #PrivateEquity
Top five challenges — and solutions — when setting up a cross-border private equity fund
vistra.com
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Private equity, real estate and other firms often look to new jurisdictions for greater access to investors and capital. Setting up a fund in a new jurisdiction can provide these and other benefits, but there are difficulties and potential pitfalls. To better understand the most common challenges managers face when establishing a cross-border fund, Vistra spoke with three professionals with decades of experience in fund administration. Enjoy interesting insights from the team at #vistra #privateequity #realestate https://lnkd.in/eVYh4KPg
Top five challenges — and solutions — when setting up a cross-border private equity fund
vistra.com
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Excited to announce that A&P Investment Fund Management has surpassed $100M MOP in Assets Under Management! Attached to this is a story written by the Founder and Chairman of A&P Bernardo Alves. Mr.Bernardo shares the story of how his idea of creating a fund became a reality and how this fund will be building a new financial landscape in Macau. Read along and follow the page for more updates and news about the historic journey of A&P Investment Fund Management.
𝗔 𝗡𝗲𝘄 𝗖𝗵𝗮𝗽𝘁𝗲𝗿 𝗶𝗻 𝗠𝗮𝗰𝗮𝘂’𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁: 𝗦𝘂𝗿𝗽𝗮𝘀𝘀𝗶𝗻𝗴 $𝟭𝟬𝟬𝗠 𝗠𝗢𝗣 𝗶𝗻 𝗔𝗨𝗠 - 𝘣𝘺 𝘉𝘦𝘳𝘯𝘢𝘳𝘥𝘰 𝘈𝘭𝘷𝘦𝘴 (𝘊𝘩𝘢𝘪𝘳𝘮𝘢𝘯 & 𝘍𝘰𝘶𝘯𝘥𝘦𝘳) I had the idea of creating a fund in 2008 but it took me another 15 years to accomplish it. In June 2023, A&P finally received the special registration license—it was the first time in my life, after a long and demanding process, that the ball was truly in my hands. In an instant, the typical thoughts and waiting for approvals to constitute the company gave way to the reality of building a fund. We quickly shifted from reactive to active mode, from theory to practice. Abraham and I sat for many hours, considering what our first step should be, fully aware that the first step is always the hardest—it’s the one that defines the path ahead. Between the choice of private or public the decision was done long ago: a public fund would cater to the many, rather than a private that would cater once again to the few. The public path dear reader, entailed massive risks for us. First the regulatory approval process would be more strenuous, and without a precedent case to follow, more uncertain. Secondly, the risk of failure to raise money on a new unbranded fund management company was a real possibility. With the former, we anxiously awaited the regulator's decision; with the latter—well, that’s precisely why I’m writing to you today. The central characteristic of a fund is that it represents a long-term experience for the investor, for only over time will the customer see the fruition of the investment strategies materialize. But time is a proving ground where every service demonstrates its value, and without a fund, there was no ground to stand on—only the weight of uncertainty of what A&P could potentially provide. We lacked a track record, and as the first company of our kind, we were venturing into uncharted territory. To stack the odds even further against us, we chose a concept I had long believed was necessary: using the Macau Pataca as an investment currency. We approached the IPO period with caution and some degree of trepidation having visited over the period the 10 main districts of our main distributor to support the front-line in understanding the product, the company, and selling a concept and idea behind A&P and the fund. Today, I am happy to share with you that we have surpassed $𝟭𝟬𝟬𝗠 𝗠𝗢𝗣 in AUM in our Money Market Fund. To investors in our fund thank you for your trust and belief in one of our own being able to manage your most important asset: your capital. As we continue our journey in the face of tomorrow, it’s not the size of the AUM that truly concerns me or A&P, but the belief that we are building a new financial landscape— and this is just the beginning. With the same tools I forged in 2008: resilience, resolve, and rigor, we will manage the Money Market Fund with unwavering commitment—for A&P is here to stay.
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Good news, thanks to Palico to share it. I do hope that Norges Bank Investment Management have read the last Schroders Capital which demonstrates that small and mid size private equity funds delivered higher return than large funds over decades. Let me quote again Claire Smith : "Investors have gravitated towards large private equity funds under the assumption that they offer better returns and resilience due to scale and stability. Our analysis shows that small and mid-sized private equity funds have, in fact, outperformed their large counterparts with more robust and persistent returns through time. Moreover, with the small- and mid-segment contributing the vast majority of opportunities in private equity, we believe investors should not overlook this valuable portion of the market. CONCLUSION : please Norges Bank Investment Management, small size companies and small size funds - as BOWI ! Buy Out With Impact by the way -need you more than mega PE fund like KKR and will give you better financial and extra-financial returns! #privateequity #sovereignwealthfund #alternativeassets
PE fund managers will be rubbing their hands in anticipation today. Once again Norway’s behemoth of a sovereign wealth fund has requested permission to diversify into private markets. With $1.4trn to its name from the country’s vast oil reserves and as the largest single owner in the world's stock markets, it’s big news for the asset class. If only the Norwegian parliament finally gives Norges Bank Investment Management (NBIM) the green light… That’s not exactly guaranteed. According to the Financial Times, the sovereign fund has asked to invest in private equity at least three times already over nearly 20 years, only to be shot down. It’s also unlikely, if permission is granted, that NBIM will allocate 10% or more of its assets to private capital strategies from the outset. It’s believed that an allocation of 3%-5%, or $40bn-$70bn, is more likely as a starting point. Ida Wolden, Norway’s central bank governor, said today: “An increasingly larger share of global value creation takes place in the unlisted market. We believe that such an opening could give higher returns for the fund over time. We think it will be possible to invest in unlisted equities in a way that meets our expectations on transparency and responsibility,” as reported by Bloomberg. According to data compiled by Nasdaq, companies raised no less than $4.5tn in private markets last year compared to $1.2tn in the public markets [https://lnkd.in/eNaDDuiy]. Investors are also flocking to alternative assets in search of diversification and higher potential returns. Private equity and private debt funds have experienced remarkable growth, their AUM surging from $1.7tn to $7.6tn and $300bn to $1.3tn, respectively, between 2010 and 2022. Private investments offer the opportunity for greater performance, lower volatility, and returns that are uncorrelated to public markets—and appear to be delivering on their promise. Hamilton Lane has found that private markets have withstood asset volatility better than stock markets, not only last year but from cycle to cycle. Their research shows that: “...as of Q3 2022, overall private markets demonstrated more resilience than public markets, outperforming public strategies across the board—in some cases by thousands of basis points.” [https://lnkd.in/eaaYFveq] This is the motivation for NBIM’s repeated requests over the years. Whichever way Norway’s parliament sways this time, investor relations teams will be watching the outcome with bated breath. Read more on Norges Bank Investment Management’s PE aspirations: https://lnkd.in/g3ZWzUmp #privateequity #sovereignwealthfund #alternativeassets
Norway’s $1.5 Trillion Wealth Fund Recommends Adding Private Equity
bloomberg.com
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Author 'The 80-20 Money Makeover' (Harper Collins) | Head Of Research at FundsIndia | Blog: eightytwentyinvestor.com | Follow me for behavioral science backed investment insights to become a better investor.
Several sector & thematic funds have delivered high returns in the recent past leading to a lot of investor interest. Over the last 12 months, ~1/3rd of Equity MF Net Flows have gone into this segment making it the largest equity category! A lot of NFOs are also getting launched. All this leads to a simple question: Should You Consider Thematic & Sector Funds for Your Portfolio? Let’s find out... https://lnkd.in/eGVDG9eG
Should You Consider Thematic & Sector Funds for Your Portfolio?
fundsindia.com
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The Premier Miton Strategic Monthly Income Bond fund gets an RSMR rating. The fund is managed by a strong team of managers, credit analysts and dealers, who have developed a unique approach to managing the fund based on a ‘triangle of trust’. The team have consistently applied their coherent investment process since the fund was launched and this has been reflected in the fund’s performance. Find out more about why we rate this fund on the RSMR website: https://lnkd.in/e_JA8jCA And read about the reasons behind the rating in Investment Week: https://lnkd.in/ePmhkaHR #fundrating #investmentresearch #investmentmanagement #premiermiton #incomebond
The RSMR fund update - June 2024
rsmr.co.uk
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PE fund managers will be rubbing their hands in anticipation today. Once again Norway’s behemoth of a sovereign wealth fund has requested permission to diversify into private markets. With $1.4trn to its name from the country’s vast oil reserves and as the largest single owner in the world's stock markets, it’s big news for the asset class. If only the Norwegian parliament finally gives Norges Bank Investment Management (NBIM) the green light… That’s not exactly guaranteed. According to the Financial Times, the sovereign fund has asked to invest in private equity at least three times already over nearly 20 years, only to be shot down. It’s also unlikely, if permission is granted, that NBIM will allocate 10% or more of its assets to private capital strategies from the outset. It’s believed that an allocation of 3%-5%, or $40bn-$70bn, is more likely as a starting point. Ida Wolden, Norway’s central bank governor, said today: “An increasingly larger share of global value creation takes place in the unlisted market. We believe that such an opening could give higher returns for the fund over time. We think it will be possible to invest in unlisted equities in a way that meets our expectations on transparency and responsibility,” as reported by Bloomberg. According to data compiled by Nasdaq, companies raised no less than $4.5tn in private markets last year compared to $1.2tn in the public markets [https://lnkd.in/eNaDDuiy]. Investors are also flocking to alternative assets in search of diversification and higher potential returns. Private equity and private debt funds have experienced remarkable growth, their AUM surging from $1.7tn to $7.6tn and $300bn to $1.3tn, respectively, between 2010 and 2022. Private investments offer the opportunity for greater performance, lower volatility, and returns that are uncorrelated to public markets—and appear to be delivering on their promise. Hamilton Lane has found that private markets have withstood asset volatility better than stock markets, not only last year but from cycle to cycle. Their research shows that: “...as of Q3 2022, overall private markets demonstrated more resilience than public markets, outperforming public strategies across the board—in some cases by thousands of basis points.” [https://lnkd.in/eaaYFveq] This is the motivation for NBIM’s repeated requests over the years. Whichever way Norway’s parliament sways this time, investor relations teams will be watching the outcome with bated breath. Read more on Norges Bank Investment Management’s PE aspirations: https://lnkd.in/g3ZWzUmp #privateequity #sovereignwealthfund #alternativeassets
Norway’s $1.5 Trillion Wealth Fund Recommends Adding Private Equity
bloomberg.com
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