LONDON: Luxembourg has long been a heavyweight in the European domicile dogfight: playing host to €4.5tn (R85.2tn) in Ucits and €2.3tn in AIFs (alternative investment funds), the continent’s pre-eminent fund centre has a reach of over 70 countries.
Representing the country’s financial sector is the Association of the Luxembourg Fund Industry (Alfi), whose leadership sat down with Citywire Selector over a round of mint tea after their UK roadshow last month.
But the conversation soon turned to competition, particularly around Luxembourg’s main domicile rival: Ireland.