With more than 11,100 funds and assets under management
in excess of € 2 trillion at the end of 2007,
Luxembourg is the second most important investment
fund domicile in the world after the US. The Luxembourg
fund centre is the prime location for the pan-European
and global distribution of investment funds. At the same time Luxembourg has developed a strong
track record in alternative investment products and
bespoke investment structures such as hedge funds
and funds of hedge funds, private equity vehicles,
real estate funds, securitization vehicles and pension
pooling.
PricewaterhouseCoopers is a leading professional
services firm providing a wide range of bespoke services
in audit, regulatory, tax and business advice to the
investment management industry in Luxembourg. At the
end of 2007 PricewaterhouseCoopers audited more than
45% of Luxembourg domiciled funds, and more than 52%
of domiciled fund assets.
The Challenge
Tailoring efficiently operated investment funds
to meet the needs of investors and distributing them
successfully on a cross-border basis is an increasingly
challenging undertaking due to the pace at which investors
needs are evolving, increased competition and the
changing complexity of the tax and regulatory environment. Successful companies
must be able to adapt to these changes in a timely
manner in order to seize available market opportunities
and to avoid threats to their existing business.
PricewaterhouseCoopers Solutions
We assist with the establishment and rationalisation
of investment funds platforms:
- Regulatory, tax and operational advices in the
structuring and setting-up of management companies
and investment products including for alternative
investments (hedge funds, real estate funds and
private equity vehicles)
- Optimization of fund and management company tax
set-up
- Regulatory, tax and operational advices in local
and cross-border outsourcing
- Fund merger regulatory, tax and operational advices
- Project management and Performance improvement
We assist compliance with tax and regulatory rules
via:
We provide assurance to our clients through:
- Statutory audits and long form reports
- SAS 70 on investment management, fund administration
and custody operations
- AIMR-GIPS certification
We provide advice aimed at improving the efficiency
of fund operations:
- Fund accounting, transfer agency, compliance and
AML systems selection and implementation
- Fund administration, custody and compliance processes
optimization
- Benchmarking and cost optimization
- Financial risk management
- Research Unit
- PwC ACADEMY offers a series of tailored trainings
to the investment management industry
Why PricewaterhouseCoopers
PricewaterhouseCoopers Luxembourg has a leading team
of highly qualified professionals covering all aspects
of the Investment Management industry. You are able
to benefit from the wealth of experience and knowledge
our multidisciplinary investment management groups
have to offer, together with the support of our international
network.
- On a global level PricewaterhouseCoopers has a
multi-disciplinary team of proven professionals
comprised of business, tax and regulatory advisors
dedicated to the investment management industry.
- Our unique pan European network helps fund providers
design and implement products and operational strategies
for succeeding in the European Market.
- PricewaterhouseCoopers offers industry-focused
solutions and strong implementation capability,
providing a globally co-ordinated approach and tailored
solutions to the investment fund industry, e.g.
UcitsEuroFile™, a unique pan-European tax and regulatory
fund reporting service.
- Our experts are constantly conducting ongoing
industry research in order to deliver thought leadership
on key issues and trends impacting the industry.
- Our global industry specialists serve 84 of the
top 100 investment management firms around the world.
