Observatory for Management Companies

Welcome to PwC's Observatory for Management Companies.

Luxembourg hosts more than 300 Management Companies (a.k.a. ManCo), holding a UCITS or AIFM licence, or both. In 2018, they confirmed their rise with a growth of 4,5%, according to the 2019 Barometer of the Observatory for Management Companies, with 19 new ManCos that were created.

Through PwC's Observatory for Management Companies, we pursue in-depth analysis of the ManCo world and connect the dots to give you an outstanding view of where the industry is, to make you understand the latest figures and trends and to guide you as a trusted partner in your business plans for the future.

Consequently, this in-depth analysis led us to create both:

  • a ManCo Index, providing you with a quantitative overview of the sector - number of firms, AuMs, and number of employees; and
  • a barometer poster, showing the evolution of ManCos on a yearly basis.

Order your copy

The 2019 edition of our Observatory for Management Companies Barometer is out. Order your copy by filling in the form.

Fill in the form here

Explore the ManCo data

ManCo barometer

The PwC ManCo Index measures ManCos' activities in Luxembourg. Discover the latest trends regarding the growth in the number of UCITS ManCos and AIFMs, the number of employees in the UCITS Mancos, and the evolution of their AuM.

Read more

Management Companies snapshots (@ 31 December 2018)

Luxembourg Regulatory Framework

All regulated investment vehicules, which are investment funds (UCITS, Part II and SIF funds) shall appoint a Management Company or be "self-managed". UCITS may only appoint a Management Company subject to Chapter 15 of the 2010 Law whereas, Part II and SIF funds may appoint either a Management Company subject to Chapter 15 of the 2010 Law or a Management Company subject to Chapter 16 of the 2010 Law. In case of AIFs, there is need to have an alternative investment fund manager ("AIFM") or to have an "internally-managed" AIF status. 

In 2016, a new vehicle appears in Luxembourg: the RAIF.  The RAIF is not subject to any authorisation or supervision by the CSSF ("Commission de Surveillance du Secteur Financier") but always needs to appoint an external AIFM.

Main laws and regulations:

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Contact us

Oliver Weber

Asset and Wealth Management Leader, PwC Luxembourg

Tel: +352 49 48 48 3175

Laurent Carême

Management Company Observatory Leader, PwC Luxembourg

Tel: +352 49 48 48 2318

Pierre-Marie Bochereau

Management Company Observatory Coordinator, PwC Luxembourg

Tel: +352 49 48 48 5268

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