Nicolas Mouttet

Download our latest report: Hybrid Funds in 2024 Hybrid funds are an innovative development in the cross-border funds industry that are intended to allow a wider range of investors to access private markets. As traditional fund managers continue to build their private-markets businesses, it is anticipated that more and more hybrid funds will come to market. Hybrid funds have an important role to play not only in allowing a wider range of investors to access private markets, but also in providing finance to ‘grassroots’ companies in the EU and UK and, therefore, boosting economies. But do fund managers consider these structures too complex? How do firms feel about the risk of misaligning liquidity risks? Will investors expect a deeper level of transparency than private capital has traditionally offered and can fund managers provide it? How do they view the challenge of valuing these funds? And is there a role for hybrid funds in ESG portfolios?   In this survey Funds Europe, in partnership with fund administrator CACEIS, seeks to identify how successful these funds will be at financing the UK and European economies by gaining insight into the appetite among fund managers for creating and distributing hybrid funds.

5

[🚀 NEW ICONIC REFINANCING] 🏆We are proud and honored to have assisted Amundi in their successful refinancing of their Coeur Défense property, Europe’s largest office complex centrally located in la Défense, the prime business district adjacent to Paris. The property is owned by several funds managed by Amundi, Crédit Agricole Assurances and Praemia REIM. 🏢 Coeur Défense is an iconic modern office building with ~183,000 sqm grade-A office, retail and MICE space (including the largest conference center in La Défense), offering 39 floors of unobstructed views with maximal light penetration, in line with latest market standards, including extensive services and amenities, numerous restaurants, fitness center, 2,800 parking spaces etc.) 🤝This successful financing, from a wide consortium of institutional lenders in a pool, demonstrates the continued interest of institutional lenders for quality products and sponsors. #realestatefinancing #debtadvisory #EuropeanDebt #Firstgrowthrealestate #FGREF

231

11 commentaires

Exciting to see CACEIS climb the ranks in this year’s Monterey Insight Report, now standing as one of Luxembourg’s Top-3 asset servicing groups! 🏆 Their growth and strong positioning demonstrate their focus on client relationships and strategic excellence. It’s always rewarding to see how our research brings industry trends to light. #AssetServicing #Luxembourg #TopPerformers #IndustryData

1

On Octobre 3rd, the French celebrate St Gerard and on exactly that day I was in France as I was invited to be part of a panel discussion at the Fixed Income Leaders Summit 2024. The topic was sustainability regulation in Fixed Income. For me, the main points of the discussion were: * Regulation has three important roles: 1. set a change in motion, 2. bring clarity and 3. create a level playing field. In my opinion, SFDR has been successful in setting things in motion, but less so in bringing clarity or creating a level playing field. * Overall, the amount of (European) regulation has been too much and too fast. This led to implementation issues and less acceptance about whether this is the right way forward. * My biggest worry is about the additional layer of costs. ESG data needs to be bought, analysts are needed to analyze the data, investment processes become more cumbersome and the reporting requirements have increased significantly. In the end this increases investment costs and is not invested in making the world more sustainable. * To that end I am in favor of the EU proposal for a free ESG data base, known as the European Single Access Point (ESAP). * To end on a positive note, over time data coverage and quality is improving, especially with CSRD around the corner, which should help financial flows move towards a sustainable future. Thanks to Fixed Income Leaders Summit and Ben Sharples for the professional organization of the full event. Also thanks to Nicholas Pfaff as moderator and Nawel Boukedroun and Brett Olson as fellow members of the panel.

43

3 commentaires

The IPEM’s Paris edition is near! As usual, @Crédit Agricole CIB and @CACEIS are keen on proposing our views on the private equity market before the event. Don’t hesitate to follow our webinar tomorrow at 9:00 entitled “Forging confidence: how to navigate in a fragmented and lasting geopolitical context?”.   Along with @Stephane Barret from CACIB, we’ll try to answer the following questions that are in everyone’s mind: -         How can GPs overcome the moment and propose long term strategies to investors? -         Private debt funds: what criteria have contributed to gaining investors’ confidence in these funds? -         To what extent can LPs, and notably retail, gain confidence and take part in investments?   You can register via the event’s page below. We hope to see you many!   (29) How to navigate in a fragmented and lasting uncertain geopolitical context? | LinkedIn

36

Update on copper prices : in selloff mode after the rally ! The price of the red metal has just suffered its biggest weekly loss since September 2022 as the high hopes expected from Chinese authorities to support demand for metals have failed to show up. Global copper inventories have exploded in recent months, especially in China. This rise reflects the slowdown in local real estate while the overproduction of capital goods linked to the energy transition has probably eroded demand as well. In addition, the surge in the price of copper, very tangible a few months ago, has clearly dampened buyers' appetite. As a result, its price, which had almost gained 30% during the first five months of the year, has lost 15% since then (including last week's 6% drop). That said, the long-term outlook for the red metal remains favorable given increased demand linked to the green transition (although optimistic projections may not fully materialize). Regarding supply, bottlenecks are building up due to underinvestment in project discovery and development and could imply a chronic deficit in supply. Although not everyone subscribes to these gloomy forecasts on supply. In the past, future supply shortfalls have already been announced, but which did not occur. Substitution and reduction in copper use can also occur if prices remain high. And let's not forget that copper is a recyclable element. Overall, copper prices will probably rise in the future, but be wary of sometimes fanciful targets predicting a quadrupling of the price as the current sequence shows that investors can also get their fingers burned ! AG Insurance #markets #economy #finance #financenews #investments #investmentnews #investmentinsights Thanks to Trends Canal Z and Marion Boxho

11

BLI - Banque de Luxembourg Investments' Financial Analyst Raphaël Fürst has published a new blog article covering the topic “The Duality of the Chinese Equity Market: ‘uninvestable’ versus fundamentally attractive”. In his publication, Raphaël points out that the Chinese government’s recent regulations towards internet companies were certainly unforeseen. The emergence of unconventional high growth business models fostered by internet companies led to unbalanced and disproportionate inequalities across the country’s society, and negative externalities on the economy as a whole. 👉 English version: https://lnkd.in/eM8_rhSd 👉 Version française : https://lnkd.in/ejT3kaHv 👉 Deutsche Version: https://lnkd.in/eveCPDxr #marketingcommunication #china #equitymarkets #duality #analysis #financialmarkets #assetmanagement #luxembourg

69

In 2024, BNPP AM opposed 2,163 management proposals across 332 companies for environmental and social reasons, 79% of which were related to climate or biodiversity-related expectations. Read more key stats from this year's proxy season at the link below. #proxyvoting #stewardship

11