increase in Alternatives AuM managed by Luxembourg Management Companies (ManCos)
11 New entrants
Almost all new entrants are Authorised AIFMs
Evolution to employees compared to last year
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.
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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.
Audit Partner, Management Company Observatory Leader, PwC Luxembourg
Tel: +352 49 48 48 2198
Management Company Observatory Coordinator, PwC Luxembourg
Tel: +352 62133 52 68