Skyscrapers

Welcome to the AIF Club - EY Luxembourg


Patricia Gudino EY Partner

With alternative investments becoming increasingly popular worldwide due to the continuous projected growth, new opportunities arise for the industry. Factors such as new technologies and ESG are shaping the evolution of existing alternative asset classes and fostering the development of new types of investments. The rise of inflation, as an aftermath of the Covid-19 Pandemic, has been driving the demand for investments in alternative asset classes that can provide a hedge against inflation.  With our EY AIF Club, our aim is to explore the drivers of growth and change in the industry, facilitate dialogue and exchanges within our market and develop leading points of view.

Patricia Gudiño Jonas, AIF Club chairwoman

  • Provide insight into developments in the alternative sectors of the financial industry: private equity, real estate, infrastructure, hedge funds and private debt
  • Provide education and trainings for the industry practitioners to better serve and understand the industry
  • Provide alternative industry practitioners with a platform to meet, exchange views and network

We hope the AIF Club will give asset managers, investors and service providers, a platform for establishing new contacts, learn about market trends and stimulate ideas and opportunities.v

Microphone in a crowded room

Our programme 2024/2025


Worldwide Corporate Tax Guide 2023

Investment Funds in Luxembourg 2024

Our latest AIFMD brochure

Our latest thinking

How sustainability and technology will transform CFOs into Value Architects

Sustainability imperatives and new technology are transforming CFOs from scorekeepers to Value Architects, driving long-term value creation. Read more.

Family-owned businesses: the role of private equity in succession planning

Family-owned businesses often encounter critical challenges during generational transitions, such as leadership gaps, financial constraints, and conflicting visions among stakeholders. Private equity (PE) firms are recognized as being instrumental in addressing these challenges and facilitating successful succession planning.

AI Adoption in European Financial Services: Progress, Challenges, and Future Directions

European financial services firms are increasingly embedding Artificial Intelligence (AI) and Generative AI (GenAI) technologies into their operations to enhance productivity and efficiency. Yet, according to our second EY European Financial Services AI Survey, only a mere 9% of these firms consider themselves ahead of the curve in AI adoption. Despite high aspirations for a more AI-driven business environment, with 28% of firms accelerating their AI adoption over the past year, the majority remain in the early, experimental stages, particularly concerning GenAI.

How can investors balance short-term demands with long-term value?

Read the EY 2024 Institutional Investor Survey, which highlights a pronounced gap between what investors say and do when considering sustainability.

Top 10 resolutions for wealth and asset management success in 2025 

Our global outlook highlights 10 resolutions that wealth and asset managers should take to drive growth in 2025.

Jun Li + 3

How can alternative fund managers shape new horizons of opportunity?

Alternative fund managers see growing demand from a new investor class that not only offers opportunities but challenges. Discover more.

Luxembourg - Fund taxation: Launch of updated online subscription tax return forms

The Luxembourg indirect tax authorities recently introduced updated online forms for filing subscription tax returns for Undertakings for Collective Investments (UCIs), Specialized Investment Funds (SIFs) and Reserved Alternative Investment Funds (RAIFs) on the MyGuichet.lu platform.

Lack of upskilling and low regulatory preparedness is holding back deeper GenAI adoption within European financial services firms

LONDON, 2ND DECEMBER 2024: Leaders across Europe’s financial services sector continue to integrate Artificial Intelligence (AI) and Generative AI (GenAI) technologies into their operations to achieve productivity and efficiency uplifts, according to the second EY European Financial Services AI Survey, but only 9% rank themselves ahead of the curve.

Luxembourg adopts various measures reducing individuals’ tax burden

On 11 December 2024, the Luxembourg Parliament approved two legislative proposals containing certain individual income tax, corporate income tax, net wealth tax and fund taxation measures. The proposed changes for individual taxpayers include a number of measures to alleviate the tax burden on households and to increase the attractiveness of Luxembourg as a workplace.

Luxembourg Parliament enacts corporate income tax reduction and other changes affecting corporate taxpayers

On 11 December 2024, the Luxembourg Parliament adopted legislation amending, among other things, the Corporate Income Tax (CIT) Law and the Net Wealth Tax (NWT) Law.

Falling Interest Rates: The Good and Bad News for Private Credit

Recent actions by the Fed and the European Central Bank to decrease interest rates have brought some relief and hope to the markets. While private credit has good reasons to rejoice, concerns are also rising about the future performance of this asset class.

New VAT guidelines for Directors in Luxembourg: Court rulings and Circular updates

In response to the recent Luxembourg District Court judgement regarding director's fees, the tax authorities released a new circular detailing the VAT treatment of directors' fees and offering further clarifications on the regularization process.

How EU Anti-Money Laundering laws can help spur strategic innovation

Learn how financial services firms can harness the new AML rules to shape the future of fighting financial crime and gain a competitive edge.

How will climate transition planning empower you to shape the future?

The sixth EY Climate Action Barometer shows an increase in companies reporting on climate but falling short of carbon ambitions. Learn more.

How European boards can steer sustainability reporting

Find out how boards and audit committees are responding to the EU’s Corporate Sustainability Reporting Directive.

EU details on VAT in the Digital Age (ViDA) package

Following the EU Member States' 5 November 2024 unanimous agreement on the "VAT in the Digital Age" (ViDA) package, this Global Tax Alert provides details on the package.

Sustainable Infrastructure as the backbone of the European Green Deal

In the context of the European Union's ambitious climate objectives, Infrastructure is undoubtedly the asset class that is expected to capture most of the fundraising for the energy transition.

Financing the Economy: The Future of Private Credit

The size of the global private credit market is estimated at over $3 trillion, as per latest industry research by the Alternative Credit Council (ACC), the private credit arm of the Alternative Investment Management Association (AIMA). The 10th edition of Financing the Economy report, published in collaboration with EY, looks at the industry in detail.

IFRS Quarterly tax developments Q3 2024

This publication is designed to help identify changes in tax law and other tax developments that may impact tax accounting and reporting. Learn more

SFDR funds: The power of voluntary assurance

The Sustainable Finance Disclosure Regulation (SFDR) is undoubtedly considered as one of EU’s main tools in the context of its Sustainable Finance Action Plan Goals (and broader EU Green Deal), launched in May 2018 by the European Commission with the following three priorities: reorienting capital flows towards sustainable investments, managing sustainability risks, and fostering transparency.

Recent developments in withholding tax reclaims: Germany, the Netherlands and Sweden

Recent positive developments related to withholding tax (WHT) in Germany, Netherlands, and Sweden, mark a crucial advancement for foreign investment funds seeking WHT reclaims, not only reinforcing the rights of foreign investors but also highlighting the importance of equitable tax treatment within the EU framework.

How can the financial controller transform to shape the future with confidence?

The EY DNA of the Financial Controller Survey provides insights for financial controllers and senior finance leaders looking to drive success. Learn more.

EY-Parthenon CEO Survey: Quarterly CEO Outlook

Our CEO survey explores how executives lead transformation by addressing geopolitical risks, corporate strategy, M&A and AI trends. Learn more.

The impact of digital transformation and global regulatory changes on fund of funds strategies

This article explores how the FoFs sector is being reshaped by two powerful forces: the rapid pace of digital transformation and the complexities of a shifting global regulatory environment.

AI for good: Why AI has the potential to achieve the SDGs

Inclusive innovation: Read more for an inside look at AI’s potential to achieve the Sustainable Development Goals (SDGs).

How can boards bridge the gap between sustainability ambition and action?

EY spoke to CFOs, CSOs and board members – read on to hear from six global leaders bridging the gap between sustainability ambition and action.

Enhancing Client Satisfaction through digitalization: the vital mandate for wealth management institutions

With assets under management (AUM) totaling EUR 600 billion in the private banking sector, EUR 5,285 billion in investment funds, and several major banking groups that have established their hub for Private Banking here, Luxembourg remains the most important hub in Europe for wealth management.

Why boards need to play an active role in harnessing the power of AI

Why boards need to play an active role in harnessing the power of AI

How can boards convert sustainability from a wish to a winning reality?

Boards must lead a decisive sustainability agenda or face a constrained future, finds the EY Europe Long-Term Value and Corporate Governance Survey. Read more.

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