ALFI defines ambition for Luxemburg Fund Centre

28 September 2011

The Association of the Luxemburg Fund Industry (ALFI) set out its ambition for the Luxemburg Fund Centre to be a global centre of excellence for the asset management industry, thereby creating opportunities for investors, fund professionals and the global community as a whole.

ALFI has developed its Ambition Paper which identifies five key objectives which ALFI aims to achieve over the next four years, and the activity required to achieve these objectives.

• Ensure UCITS remains the best-in-class for investor protection;
• Help fund managers and institutional investors to leverage the development of regulated European alternative funds, with AIFMD;
• Stimulate innovation within the funds industry;
• Facilitate cross-border fund distribution;
• Ensure Luxemburg remains the partner of choice for the Asset management industry.

Mr Saluzzi, Chairman of ALFI, commented: “By providing quality service to investors, asset management “made in Luxemburg” will also benefit the community as a whole - in Luxemburg, in Europe and internationally. It will help renew trust in long-term savings, facilitate capital investment, increase business confidence, create highly-skilled jobs and fulfil the asset management industry’s role in generating prosperity in the global economic value chain.”

Over the next few months, the ambition paper and action plan will be a topic for discussion at the level of the Haut Comité de Place, chaired by Luxemburg Finance Minister, Luc Frieden. ALFI will also consult widely at an international level with representatives of the industry, the investor community, experts and opinion leaders.

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