The Luxembourg edge

If you believe the coverage, it has been a pretty tough time in Luxembourg recently; commentators have even suggested the fund industry should have packed its bags and decamped to Dublin. I totally disagree; Luxembourg has not only benefited from its open and transparent structure but also from infrastructure built over a number of years. Dublin and other jurisdictions are adapting at a reasonable pace, but it is worth remembering that Luxembourg was the first jurisdiction to implement Ucits and has a history of being at the cutting edge of the fund industry. In simplistic terms, Ucits ...