increase in Assets Under Management (AuM) managed by Luxembourg Management Companies (ManCos)
17 New entrants
all new entrants have an AIFM licences in 2019, 15 AIFMs and 2 Super ManCos
of Luxembourg Authorised AIFMs manage at least one Reserved Alternative Investment Fund (RAIF)
of the Top 50 EU ManCos AuMs’ are managed by Lux Mancos
Luxembourg hosts more than 300 ManCos, holding a UCITS or AIFM licence, or both. In 2019, they confirmed their rise with a growth of 17% in their Assets Under Management, 5 950 employees and almost 20 newly created entities.
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.
This in-depth analysis led us to create our Barometer Poster, providing on a yearly basis key figures and trends of the ManCo industry.
Get a grasp on the world of Management Companies with this 5th edition of our poster.
The results of this 2020 edition continue to look positive for both licensed AIFMs and UCITS ManCos based in the Grand Duchy with a growth of 17% in their Assets Under Management, 5 950 employees and almost 20 newly created entities.
All regulated investment vehicles, which are investment funds (UCITS, UCIs 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, UCIs 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.
Partner, Asset and Wealth Management Leader, PwC Luxembourg
Tel: +352 49 48 48 3175
Markets and Strategy Financial Services Leader, PwC Luxembourg
Tel: +352 49 48 48 4174
Management Company Observatory Leader, PwC Luxembourg
Tel: +352 49 48 48 2198
Management Company Observatory Coordinator, PwC Luxembourg
Tel: +352 49 48 48 5268