Asset management

Regulators fear another liquidity crisis in Europe

The flight of investors at the start of the crisis put European funds, particularly corporate debt and real estate funds, under pressure. Regulators want to ensure that a new wave of withdrawals does not jeopardize the stability of the financial industry. The wind of panic that shook the financial markets in March had a major […]

Asset management

How money market funds averted disaster

Essential links in short-term financing, money market funds found themselves caught between investors’ need for liquidity and the freezing of bond markets. Only the intervention of the ECB made it possible to avoid the debacle. Monetary funds narrowly avoided the industrial accident in mid-March. At the height of the financial crisis, these essential links in […]

Asset management

The new generation of listed funds arrives in the United States

Less transparent than traditional ETFs, these new listed index funds combine the simplicity of ETFs with the complexity of active management. The biggest asset managers like BlackRock and Fidelity are already in the running. In the United States, the marriage of active management and ETFs is being emulated. Several actively managed and non-transparent listed funds […]

Asset management

How negative rates have weakened fund liquidity

The panic that gripped investors in March led to massive outflows of funds, on average larger than their cash reserves. By discouraging funds from buying safe assets, negative rates have weakened their liquidity cushions. The financial crisis linked to the coronavirus pandemic has highlighted the vulnerabilities of investment funds. Between February 20 and March 20, […]

MY

Infrastructures: Bercy hoists the French flag internationally

The Treasury Department kicked off the infrastructure week on Monday. Bercy said Sunday he was very careful about foreign funds that would be too closely interested in ADP. But the Ministry of Finance intends to propel French interests in international infrastructure very far. On Monday, the General Directorate of the Treasury kicked off the “Infraweek” […]

Asset management

Coronavirus: European funds face historic withdrawals

Investors withdrew nearly € 290 billion from European open funds in March, a historic record. The flight of investors combined with the fall in the markets represents a double penalty for the sector. An unprecedented hemorrhage. European open funds accused nearly 290 billion euros of outflow in March, a historic record, according to Morningstar data […]

MY

Private equity: the surge in prices continues

Ten years after the crisis, fund acquisition prices reached a new peak in Europe. Fund managers are getting cautious. The private equity industry is at the top of the cycle. And managers are far from having seen it all, according to Goldman Sachs. ” 2018 is a banner year for the industry. Ten years after […]