The Association of the Luxembourg Fund Industry (ALFI) elected a new board of directors for a period of two years during its annual meeting. The new board of directors then renewed the mandate of Marc Saluzzi as Chairman for two more years.
ALFI also presented its 2012 Annual Report at the meeting, which revealed that the year was marked by strong net inflows of €123.09 billion into Luxembourg funds. Luxembourg experienced the strongest net inflows in Europe. Altogether, Luxembourg funds finished the year up 13.70%, experiencing the strongest net inflows in Europe. This positive trend continued in the first month of the year 2013 with an additional 7.61% increase of assets under management until the end of April 2013, reaching €2,565.56 billion.
Saluzzi commented on the positive results with a note of caution: “We will in no way rest on our laurels. ALFI remains committed to its ambition plan and the five priorities it has identified.” The priorities include, among others: defending the concept of regulated funds, especially UCITS; helping alternative fund managers and institutional investors leverage the concept of a regulated AIF introduced by AIFMD; and facilitating cross-border distribution.
The Annual Report 2012-2013 can be downloaded here.
ALFI Re-elects Chairman Marc Saluzzi
The Association of the Luxembourg Fund Industry (ALFI) elected a new board of directors for a period of two years during its annual meeting. The new board of directors then renewed the mandate of Marc Saluzzi as Chairman for two more years.
« RBC IS Continues Custodian Relationship With Industrial Alliance