Alan Picone

Alan Picone


Re-examining third-party outsourcing thanks to COVID-19

This article has been written together with Eleonora Cambone. “It was the best of times, it was the worst of times”. Originally used by Charles Dickens to describe the turmoil of troubled nineteenth-century England, this phrase also happens to accurately summarize the current environment – its challenges and, most importantly, the improvement opportu […]

An asset manager’s guide to creating a risk-based Covid-19 board report

As the Covid-19 pandemic continues to evolve, the damage to the economy looks likely to be deep and long lasting. Asset managers are not only dealing with a myriad of temporary guidelines from national and international bodies: they are also putting their own measures in place to mitigate the economic impact of the virus and safeguard investor value—measures t […]
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Liquidity management: Regulatory scrutiny levels rising – How safe is your life jacket? The new CSSF Circular 19/733

At the dawn of this new year, let’s take a moment to look back at 2019 and its impact on the asset management industry and financial markets. It’s been a rocky road for financial markets which, overall, have shown resistance despite worrying signs including micro crystallization of liquidity risks. For instance, the flagship fund managed by Neil Woodford […]
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Managing ESG: Challenges and Opportunities in the Asset Management World

This article was written together with Eleonora Cambone. The rise of ESG (Environmental, Social and Governance) and Sustainable investments is undebatable, and the figures testifying this are clear as day: as of December 2018, there are 2,816 European responsible investment funds domiciled in Europe with a total assets under management (AuM) of EUR 496 billio […]
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Fund managers: why Circular 18/698 might surprise you

The CSSF’s new circular, 18/698, was released one month ago. Although it will require a bit of work to implement, its aims are pure: to create a level playing field for UCITS ManCos and AIFMs, expanding on the existing principle-based approach but with a more prescriptive touch. The circular was written with practical findings on ManCo effectiveness in mind, t […]
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