Luxembourg now counts 289 management companies, and that number is shrinking. Not because the market is losing steam (AuM just hit 6.3 trillion euros), but because the rules of the game have changed. Cost pressure, tougher regulation and the rise of private-equity-backed third-party Mancos are pushing smaller players to merge, specialise, or hand the keys to someone else.
Sandra and Björn sit down with Laurent Buttice, Partner at PwC Luxembourg, to go through the freshly released Manco Barometer, the survey covering nearly 90% of Luxembourg's fund assets. They get into why Mancos are consolidating, what's driving the private equity rush into the third-party space and how Luxembourg stacks up against Ireland, France and Germany.

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