Thomas Murray Data Services spoke to ALFI chairman, Marc Saluzzi at the ALFI London Conference about his time as the chairman of the organisation, the challenges faced and the regulatory focus upon the fund industry.

Here is a summary of some of the key issues at the Association of the Luxembourg Funds Industry (ALFI) alternative investment conference.

Whilst AIFMD (the Alternative Investment Fund Managers Directive) received an initially unwelcoming reception when it was first mooted, as the story has evolved it became clear that there were also several opportunities within it, not least for certain jurisdictions in their transposition of it.

Luxembourg has established itself as the most popular place for UCITS funds to domicile themselves and is shaping up to take a similar share of the AIFMD market as assets under management in the country ticked over to EUR2.6 trillion in 2013.

“Europe is back on the radar for US and Asian investors,” declared H.E. Pierre Gramegna, Luxembourg’s minister of finance at the London leg of the Association of the Luxembourg Fund Industry’s (ALFI) 2014 road-show. “This is good news for Luxembourg and European funds,” he declared.