Observatory for Management Companies

Welcome to PwC's Observatory for Management Companies.

Luxembourg hosts around 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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The 9th edition of our Management Companies Observatory Barometer is out!

Download the report

Observatory for Management Companies - 2024 Barometer

Management Companies snapshots

ManCo 2024 Snapshots

PwC Services

Management Companies, we are taking up your challenges together

Our range of services is probably the most extensive in the industry, supported by our teams of highly-skilled and trained professionals, combined with the use of the latest advancements in technology and process.
Get in touch with us to find the right solutions tailored to your needs.

  • Entity set-up (CSSF licence filing, licence extensions and passporting)
  • People, Governance and Organisations
  • Strategy, Operating models review, business analysis
  • Internal, External audit, …

Spotlight on

Managed services

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Benjamin Gauthier
AWM MS Leader, Advisory Partner

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Alexandre Igel
Alternatives MS Market Leader, Accounting and Tax Partner

Building Trust on ESG Reporting

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Geoffroy Marcassoli
ESG Audit Leader, Audit Partner

The GenAI Revolution

GenAI Business Center

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Sébastien Schmitt
Advisory Director, Risk and Regulatory

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Anthony Bianco
Internal Audit and Regulatory Advisory Partner

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Michael Horvath
Regulatory Advisory Partner

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Sidonie Braud
Asset Management Tax Leader, Tax Partner

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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Contact us

Bertrand Jaboulay

Audit Partner, Management Company Observatory Leader, PwC Luxembourg

Tel: +352 49 48 48 2198

Pierre-Marie Bochereau

Audit Director, Management Company Observatory Coordinator, PwC Luxembourg

Tel: +352 62133 52 68

Laurent Buttice

Audit Partner , PwC Luxembourg

Tel: +352 62133 27 13

Michael Delano

Asset & Wealth Management Leader, Audit Partner, PwC Luxembourg

Tel: +352 49 48 48 2109

René Paulussen

Alternatives Leader, Assurance Partner, PwC Luxembourg

Tel: +352 49 48 48 2385

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