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:
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.
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.
Partner, Asset and Wealth Management Leader, PwC Luxembourg
Tel: +352 49 48 48 3175
Management Company Observatory Leader, PwC Luxembourg
Tel: +352 49 48 48 2198
Management Company Observatory Coordinator, PwC Luxembourg
Tel: +352 49 48 48 5268