Observatory for Management Companies

Welcome to PwC's Observatory for Management Companies.

Luxembourg hosts more than 300 ManCos holding a UCITS or AIFM licence, or both. 

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 popular barometer, providing on a yearly basis key figures and trends of the ManCo industry.

The 6th edition of our Management Company Observatory Barometer is out!

Get a grasp of the world of Management Companies with this 6th edition of our barometer.

The results of this 2021 edition continue to look positive for both Super ManCos and licensed AIFMs ManCos based in the Grand Duchy with a growth of 4% in their Assets Under Management, 6,172 employees and 11 newly created Authorised AIFMs.



Management Companies snapshots

Luxembourg Regulatory Framework

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 a need to have an alternative investment fund manager ("AIFM") or to have an "internally-managed" AIF status. 

In 2016, a new vehicle appeared 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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Our Assurance group provides assurance on the financial performance and operations of your business. We can also help your business improve its external financial reporting and adapt to new regulatory requirements such as Sarbanes-Oxley and International Financial Reporting Standards (IFRS).

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Advisory

With more than fifty years of experience in the Luxembourg market, solid credentials and a team of more than 400 people combining deep industry knowledge and professional experience, we believe our consultants are best placed to assist you in driving your business beyond.

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Contact us

Oliver Weber

Partner, Asset and Wealth Management Leader, PwC Luxembourg

Tel: +352 49 48 48 3175

Olivier Carré

Markets and Strategy Financial Services Leader, PwC Luxembourg

Tel: +352 49 48 48 4174

Bertrand Jaboulay

Management Company Observatory Leader, PwC Luxembourg

Tel: +352 49 48 48 2198

Pierre-Marie Bochereau

Management Company Observatory Coordinator, PwC Luxembourg

Tel: +352 49 48 48 5268

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