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Asset managers closing down ‘costly’ Luxembourg management companies – Ignites Europe

Closures and consolidations drive fears of concentration risk and job losses.

A wave of asset managers in Luxembourg are closing down “expensive” fund management companies, sparking concerns of concentration risk among third-party service providers and a loss of employment opportunities for fund professionals.

A number of firms have closed down internal mancos and transferred the operations to third-party service providers in the Grand Duchy over the past year. 

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