Luxembourg not proving efficient as a domicile, say some promoters

Delays to approve alternative investment funds are frustrating some fund promoters that use Luxembourg as a domicile.

Reza Vishkai at Schroders Investment Management, said: 'The queue to get anything approved has been very long.'

He believes the Commission de Surveillance du Secteur Financier (CSSF) does not currently have the resources to meet the demand of those promoters setting up new hedge funds. He also noted that it compares unfavourably to other centres such as Dublin.

'It takes between

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: