Luxembourg
Alternatives | 15 Dec 15
Luxembourg drafts new law for Reserved AIFs
Luxembourg has published draft legislation on a new alternative fund structure; the Reserved Alternative Investment Fund (RAIF), which is expected to be adopted in the second quarter of 2016.
KBL appoints group chief financial officer
Luxembourg-based KBL European Private Bankers (KBL epb) has appointed Rachel Hamen as group chief financial officer.
New European funds down and more consolidation expected
The European fund universe contracted during Q3 2015, with 646 funds liquidated or merged and only 453 new products launched, according to Lipper, a Thomson Reuters company.
Henderson launches pan European dividend income fund
Henderson Global Investors has launched a Luxembourg-domiciled Pan European Dividend Income Fund, which will have UCITS status and be denominated in euros.
Tax & Regulation | 19 Oct 15
Failed IFAs liable for negligent ARM bond advice
Investors of ARM Asset Backed Securities are now able to make successful claims against failed independent financial advisers (IFAs) if it can be proven they gave negligent advice.