Asset Management

US GAAP: an acceptable accounting principle in Luxembourg?

As more and more US-based asset managers choose Luxembourg for their next alternative investment funds (AIFs), the question they invariably ask is whether they can keep the accounting principles they are using for their current structures: United States Generally Accepted Accounting Principles (US GAAP). Many of these asset managers also run parallel funds al […]
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Internally generated GDPR module: to capitalize or not to capitalize?

Did you know that IAS 38 Intangible Assets is almost half a century old? In fact, the first exposure draft dates all the way back to 1977. So, if you think that the first portable computer was only produced in 1981, you can get an idea of just how old it is and how different technology was at that time. In the Digital Era where intangible assets are a company […]
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Ready or not…PRIIPs KID implementation deadline for UCITS funds is coming soon!

On 3 February 2021, the European Supervisory Authorities (ESAs) submitted draft Regulatory Technical Standards (RTS) to the European Commission. These contained amendments to the key information document (KID) for packaged retail and insurance-based investment products (PRIIPs). Although some national competent authorities on EIOPA’s board expressed reserva […]
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Management companies: 4 major results of Covid-19

During a recent KPMG webinar, asset management experts shared their views on the impact of the Covid-19 crisis. Let’s look at the key takeaways from that discussion. 1) Working from home The most visible impact was an immediate, all-staff shift to working from home. This change, combined with the activation of BCP plans, proved successful with no significant […]
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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 […]

Liquidity risk management and stress-testing during Covid-19

This article has been written together with Francesco Vittori and Gianmarco Gioia. The Covid-19 crisis brings the market and, in particular, the fund industry face to face with unprecedented challenges. In this context, investment funds need to implement effective liquidity risk measurement and management processes to ensure viability and survival. Investmen […]
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