Asset manager Pimco joins song copyright investment frenzy

Asset manager Pimco joins song copyright investment frenzy

The US asset manager Pimco has teamed up with BMG to acquire music catalogues, according to people familiar with the matter, the latest large investor to wade into the frenzy for song copyrights. BMG, one of the world’s largest music companies, last year agreed a...
Luxembourg Private banking assets exceed €500bn

Luxembourg Private banking assets exceed €500bn

Private banking in Luxembourg has reached a new milestone. At the end of 2020, the sector had €508bn in assets under management, says a study conducted by KPMG on behalf of the Luxembourg Bankers’ Association (ABBL). This indicates a 100% increase since 2008 and...