AIF Club EY Alternative Investment Funds Club 2020 - 2021 Program
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
AIF Club
EY Alternative Investment
Funds Club
2020 - 2021 Program
EY Alternative Investment Funds Club 2020/2021 Program I 1
Dear Club Member,
The Partners of EY Luxembourg are proud to present the 2020-2021 program for the AIF Club.
Since its inception ten years ago, the AIF Club, under the thoughtful and energetic leadership of Michael Hornsby has
delivered over 170 events and welcomed over 9,000 members. Mike has established the AIF Club as one of the leading
forums in the Luxembourg Alternatives industry through which points of view are generated and market participants
have the opportunity to connect and network. On behalf of our Firm and the Industry, we thank him for his exceptional
contribution to this Club.
From a personal perspective, it was with great pleasure that I took over the role of the AIF Club Chairman last year for
the 2019-20 program and as a Practice we are proud to have delivered over 20 high quality events which have built on
the vibrant AIF Club platform that has been established.
As I reflect on the year, I believe the word unprecedented is a very fair description. Since its inception, the alternatives
industry has prided itself on being innovative, agile and resilient. The past few months have put these qualities to
the test in a manner unlike any period in history. The impact of COVID-19 has asked questions of every aspect of our
industry – our desire to ensure the health and well-being of our people, our ability to secure business continuity in a
factious environment and finally, our foresight to identify investment opportunities which provide positive investor
outcomes and contribute to economic recovery. On each of these fronts, the response that has come from the industry
has been inspiring and it is with great enthusiasm that EY looks forward to accompanying you on the journey ahead.
We look forward to introducing you to our AIF Club program for the coming 2020-21 cycle. Through this program
we have sought to adapt to the new realities presented by the COVID-19 environment. As such, you can expect a
greater number of virtual events and more intimate events hosted for smaller numbers of select guests. Equally, we
will continue to host our flagship events and social gatherings but will do so in a manner which is responsible and
accommodating of new social norms.
Key themes for the coming program include the increased importance of the ESG agenda – we seek to explore the
drivers of this growth including improved long-term returns, brand image and reputation, decreased investment
risk, regulatory demands and stakeholders’ expectations. We will also examine some of the barriers faced such
as inconsistent quality of data across asset classes, costs required to invest in emerging technologies, analytical
challenges and competing ratings/indices. Fee compression and the associated suite of responses available to industry
participants will be discussed as well as the transformative effect of technology on all sub-sectors of the alternatives
industry.
Product innovation remains at the heart of our program, we will continue our focus on open-end real estate products
and are very proud to have supported so many of you in this space. Infrastructure and private debt also take major
roles in the coming program owing to their growing level of importance on the agenda of institutional investors.
Overall, we are excited by what promises to be another stimulating and entertaining program of events.
Robert White
Partner, Assurance, Real Estate,
AIF Club Chairman, EY Luxembourg
2 I EY Alternative Investment Funds Club - 2020/2021 Program
Welcome
AIF Club
to the
EY Alternative Investment Funds Club 2020/2021 Program I 3
The AIF Club … has been created to • Provide insight into developments in the alternative sectors of the financial industry, including private equity, real estate, hedge, debt, infrastructure and other alternative fund segments • Provide knowledge and trainings for industry practitioners to better serve and understand the industry • Provide alternative industry practitioners with a platform to meet, exchange views and network … will offer you Industry summits The AIF Club organizes highly interactive alternative asset-related events, which not only international EY specialists participate but also key leaders from other organizations, who often contribute to lively debates while also providing reflection or insights on leading topics. The aim of these sector specific summits is to provide members with a broad platform of factors shaping the respective industries. Keynote speeches External speakers will be invited to provide insights on current hot topics in our keynote speeches. Speakers may be EY subject matter specialists from our alternatives network or external speakers from leading players in the industry. Open workshops Open workshops will cover a broad range of topics which are open to all members. The content of this program reflects general ongoing developments and hot topics impacting alternative investment fund products in general and in middle and back office environments. Trainings For the seventh consecutive year, we will hold in October 2020 our three-day valuation training. Which is designed for financial professionals that seek to develop a more in-depth knowledge of alternative asset valuation which includes private equity, real estate and infrastructure. Over the years, we are striving to continuously improve and integrate new issues of interest into the training program. This valuation training has become a good indicator for valuation market practices over the years, as we note the positive evolution of market valuation practices thanks to the interaction with the participants. The focus of our training program will be to support participants to further develop technical oversight skills to appropriately assess the work of specialists whether internal or external to an organization. In addition, as every year, we will continue to hold the trainings to help fund accountants and controllers to get to grips with the latest developments in financial and investor reporting across alternative asset classes. 4 I EY Alternative Investment Funds Club - 2020/2021 Program
Targeted roundtables
This event format has proved very successful. This year we will run nine roundtables. Roundtables provide
the opportunity for a small group of specialists to discuss specific topics of common interest, therefore
invitations to these events are restricted. The organizer of the respective roundtable will identify the
target audience, bringing together leading specialists to discuss and work on solutions for various specific
challenges that market participants are currently facing. To ensure effective discussions and social
distancing, we will limit the number of participants in these events to maximum 10 specialists (EY staff
included). Should you be interested in joining one of the upcoming roundtables, please send an email to
mireille.pourpognot@lu.ey.com explaining briefly your role within the company you are working for and
Mireille will get back to you with further information.
The outcome of the roundtable discussions are summarized in a paper and shared with all AIF Club
members in due time.
Webcasts
This year we will run at least nine webcasts on different topics, such as private credit, real estate, ESG,
depositaries, and ad-hoc webcasts on tax matters.
Personal meetings with our subject matter specialists
The EY Luxembourg AIF Club offers you the opportunity to arrange meetings with our subject matter
specialists following the trainings, workshops and breakfast briefings or at another occasion.
Networking and social events
Through the AIF Club, EY Luxembourg makes it possible for professionals in the industry to meet and share
insights in a more relaxed environment. Many of EY Luxembourg’s events are followed by drinks or coffee,
giving you the opportunity to network with fellow attendees. The AIF Club also organizes more specific
social events to enhance networking in a more informal environment.
LinkedIn network
Join our EY Luxembourg AIF Club group on LinkedIn and interact with the EY alternatives team and other
members.
EY Luxembourg AIF Club
… is interactive
We are always interested in your feedback and comments which help us match the program to meet our
members’ needs.
Members will also be able to access our LinkedIn page and website with downloadable content and updates
on the event program. We also encourage you to keep directly in touch with our professionals engaged in
the industry, who you will meet (or have already met) at various events.
EY Alternative Investment Funds Club 2020/2021 Program I 5
Overview of the upcoming events
Chronological order
We are going to run all roundtables with maximum 15 people and the payable 3-day valuation training
to be held from 13 – 15 October 2020 in small groups of people here at our office by applying the social
distancing and precaution rules.
Events that are targeted at a bigger audience will be organized as webcast between September and
December 2020.
Our open workshops and social events are planned for Q1 and Q2 2021 to be held here at our office
assuming that we will be able to host again bigger groups of people here at our office without any
restrictions. In case we have to change the plan we will update you on any changes to the program in our
newsletter that you will receive on a regular basis.
As a general note, please note that you are officially registered for an event or webcast, once you have
received a confirmation email.
September 2020
29 Sep. Roundtable: Depositary – key challenges and developments
October 2020
13-15 Oct. Payable training: A three-day program on valuation techniques across different asset
classes given by leading financial specialists
20 Oct. Webcast: Real Estate webcast 1:Trends in Real Estate markets and investment
strategies
21 Oct. Webcast: Real Estate webcast 2: Trends in property technologies and their impact
on investment decisions
29 Oct Webcast: Real Estate webcast 3: Have you performed a Tax “Health Check”
in 2020 for your fund structures?
November 2020
10 Nov. Roundtable Tax Directors’ roundtable 1: MLI and EU jurisprudence: the Principal
Purpose Test and source countries approach
17 Nov. Webcast: Environmental, Social and Governance (ESG)
24 Nov. Webcast: IFRS year-end update 1
December 2020
08 Dec. Roundtable: AIFMs - regulatory and operations’ roundtable
10 Dec. Roundtable Chief Accounting Officers’ roundtable
6 I EY Alternative Investment Funds Club - 2020/2021 ProgramJanuary 2021
19 Jan. Social event: New Year’s Cocktail
21 Jan. Roundtable: Open-end real estate funds’ roundtable
February 2021
11 Feb. Webcast: Securitization in Luxembourg – Market and regulatory updates
25 Feb. Roundtable: Depositary roundtable: The new era?
March 2021
04 Mar. Open workshop: Digitalization of the alternative Investment Industry
09 Mar. Roundtable: AML/CFT in Private Equity, Real Estate and Management Companies –
How to deal with it
25 Mar. Roundtable: Chief Financial Officers’ roundtable
April 2021
29 Apr. Roundtable Tax Directors’ roundtable 2: Anti-Tax Avoidance Directive 2 (ATAD 2),
one year of practice: a step forward to more certainty in the application
of the rules in Luxembourg
May 2021
04 May Training: Financial and investor reporting for AIFs – financial year-end 2020
debrief and examination of longer-term trends
06 May Open workshop: Infrastructure Investing: How can we build together sustainable
infrastructure?
20 May Training: IFRS year-end update 2
June 2021
08 June Roundtable: Developing the appropriate scope of Internal Audit (IA) activities
17 June Roundtable: Valuation oversight for AIFMs – a practical view
July 2021
01 July Social event: Summer Party
EY Alternative Investment Funds Club 2020/2021 Program I 7TRAININGS
A three-day program on valuation techniques across
different asset classes given by leading financial
specialists
FULLY
13, 14 and 15 October 2020 BOOKE
D
Audience: Financial professionals that seek to develop a more in-depth knowledge of alternative asset
valuation which includes private equity, real estate and other illiquid assets
EY Valuation, Modelling and Economics Luxembourg team, a leading advisor in alternative investments
valuation techniques across Private Equity, Private Debt, Real Estate and Infrastructure assets for many
years in Luxembourg, wish to contribute to further raise general valuation market knowledge for such
assets.
For the sixth consecutive year, we are pleased to present this year our three-day valuation training
program designed for financial professionals that seek to acquire insightful knowledge of alternative
asset valuation which includes private equity, real estate and infrastructure. As a leading firm in the
valuation of alternative assets, we want to participate in an overall market effort to continuously improve
on valuation governance for the alternative investment fund industry. In the new normality of COVID-19,
this period shows the importance and the responsibility of the valuation profession. Hence, we are striving
to continuously improve and integrate new issues of interest into the training program. This valuation
training has become a quality indicator for valuation market practices over the past five years, as we note
the positive evolution of market valuation practices thanks to the participants’ interaction.
The focus of our training program will be to support participants to further develop technical oversight
skills to appropriately assess the work of specialists whether internal or external to an organization.
Methodology:
Our training program will strike the right balance between theoretical valuation foundations and practical
applications in relation to current COVID-19 circumstances. While also providing additional insights from a
broader market perspective.
Who could benefit from this training program?
• Fund administrators and directors
• Conducting officers
• Risk managers
• Depositaries
• Professionals who are developing procedures and overseeing the application of various valuation
methodologies in their organizations
Fee quote and maximum participants:
In order to ensure that this course is at the highest quality, we have decided to levy a modest fee of
€1,750 per participant in order to cover the cost of the course materials. Early bird rate will be €1,600.
Please note that the course attendees will be limited to a maximum of 25 people (in two rooms) to ensure
an effective training delivery and to respect all social distancing measures in line with our government
policy and recommendation.
8 I EY Alternative Investment Funds Club - 2020/2021 ProgramTRAININGS
Financial and investor reporting for AIFs – financial
year-end 2020 debrief and examination of
longer-term trends
4 May 2021
Audience: Financial controllers, financial directors and accountants of alternative fund products
Back by popular demand this is one of our AIF Clubs most successful events. Focusing exclusively on
AIFs, this event gives members the opportunity to learn from experiences over the 2020 year-end close
process through a thorough debrief session. While issues are fresh on our minds, we will debrief and
share emerging best practices and take a look at longer-term underlying trends in financial and investor
reporting.
IFRS year-end update 1
20 May 2021
Audience: Financial controllers, financial directors and accountants of alternative fund products
Are you up-to-date with current accounting and regulatory developments? Can you identify the
implications for your company’s financial accounting and reporting? Staying abreast of recent and
pending rules and regulations is critical to positioning your company for success. During this event we will
focus on IFRS/IFRIC developments and other lessons learned from recent reporting.
• Insights from 2020 financial statements
• IFRS pronouncements and IFRIC decisions and tentative decisions
• Other IFRS active projects
EY Alternative Investment Funds Club 2020/2021 Program I 9INDUSTRY SEMINARS
Real estate niche workshop
Please note that our annual Real Estate niche workshop which has always taken place in October has
been replaced by three real estate webcasts to be held on 20, 21 and 29 October 2020. Please refer to
the webcast section for more details.
Private Equity and Venture Capital Summit
-
Similar to the approach taken for our Real Estate niche workshop, and aligned with the social distancing
challenges of today, our Private Equity and Venture Capital Summit will take a more digital format this
year. The session will be arranged as a series of webcasts to be held through January 2021.
10 I EY Alternative Investment Funds Club - 2020/2021 ProgramOPEN WORKSHOPS
Digitalization of the alternative Investment Industry
4 March 2021
Audience: AIF Club members with a general interest in this topic
This event will be covering a range of digitalization trends in the alternative investments world. We will
be talking about practical aspects of implementation of data and technology transformational projects,
lessons learnt from leading technological changes across multiple industries and the recent technology
convergence trend. One panel will be focusing on the Intelligence in Automation exploring some key
aspects in implementing Automation and the use of Artificial Intelligence.
Infrastructure Investing: How can we build together
sustainable infrastructure?
6 May 2021
Audience: AIF Club members with a general interest in this topic
Estimations show that 75% of infrastructure that will be in place in 2050 does not exist today.
Infrastructure investment and sustainable development are top priorities for governments globally.
However, there is continued strength in fundraising amid a challenging environment for deployment.
At this event, we will discuss challenges and opportunities around the infrastructure asset classes in the
current situation.
EY Alternative Investment Funds Club 2020/2021 Program I 11ROUNDTABLE
Depositary – key challenges and developments
29 September 2020
Audience: Depositaries
The past months have touched everyone, as the pandemic has impacted the way many of us work. This
period has also been an opportunity to take a step back and reflect upon our operating models; in many
more ways than just the ‘remote’. During this roundtable, which will be 7th in our series of discussions over
the past years. We will discuss experiences relating to firms’ adaptation efforts; from systems, to people and
processes; and how depositaries dealt with the adversity of business continuity. New patterns of processes
and controls have emerged and while organizations were testing new operating models, they also learned
significant lessons from all the moves, changes but also the opportunities that came with the crisis. Among
all of this, pre-existing challenges and market evolutions have not fallen behind or vanished, right the
opposite: digitalization has been speed-up on one hand, and the revision of the AIFMD has continued with
potential impacts on passporting rules taking form in the coming months.
The roundtable will be an exciting platform to discuss how all these elements have impacted and shaped
your activities, including also cash monitoring, assets valuation, look-through and know your assets
processes. Particular attention will be put on opportunities and pitfalls that emerged from the turbulent
events that already make 2020 an exceptional year in history.
Tax Directors 1: MLI and EU jurisprudence: the
Principal Purpose Test and source countries
approach
10 November 2020
Audience: Tax directors in an alternative investment fund
At this roundtable we will be joined by our EY colleagues from Spain, Denmark and the UK to discuss the
challenges and practical aspects regarding the Multilateral Instrument and latest EU jurisprudence: The
Principal Purpose Test and respective approach of source countries and latest developments.
Tax directors will have the opportunity to discuss directly with their peers and our industry specialists. The
goal is to engage in discussions on the practical implications on your business and how to navigate through
emerging trends and challenges.”
12 I EY Alternative Investment Funds Club - 2020/2021 ProgramROUNDTABLE
AIFMs - regulatory and operations’ roundtable
8 December 2020
Audience: Alternative Managers
During this roundtable, we will discuss with Management Companies’ / Asset Managers’ hot topics, including
increased transparency requirements and EU sustainable finance agenda and how these are adding new
challenges to the existing reporting environment and will drive new requisites to cater increasing regulatory
needs. We will also explore the changes in corporate governance and regulator’ scrutiny and how technology
central position across organizations is taken further importance to help to answer all of these constraints.
We will discuss how the deployment of technology has plaid a key role in the continuity of managers’
activities under the pandemic ere, paying particular attention to opportunities and pitfalls that emerged
from the turbulent events that already make 2020 an exceptional year in history.
Chief Accounting Officers’ roundtable
10 December 2020
Audience: Chief Accounting Officers
Back by popular demand, in these private and exclusive sessions we will welcome a group of Chief Accounting
Officers and Head of Financial Reporting from among our AIF Club members to discuss key financial
reporting and operating challenges facing the industry. Through this session we will develop and distribute
industry best practices and share recurring Q&As with group participants.
These recurring roundtable sessions serve as a unique forum for private discussion among industry peers.
Open-end real estate funds’ roundtable
21 January 2021
Audience: Managers and administrators involved in the design, launch and operations of open-end real
estate funds
Open-end real estate funds continue to be one of the most popular product formats. Many of them that
establish names in this space continue to generate significant capital inflows and we can also see new
entrants to this market enjoying considerable success. We will welcome a selection of open-end fund
managers and administrators to discuss the challenges this product type presents in terms of design and
operations. Our conversations will cover aspects such as pricing, liquidity, fee models and investor reporting.
EY Alternative Investment Funds Club 2020/2021 Program I 13ROUNDTABLE
Depositary roundtable: The new era?
25 February 2021
Audience: Depositaries
We will speak about expectations on Depositaries and the fundamental challenges facing them; where
depositaries are on one hand not part of the asset managers operations as such and at the same time
there are heavy demands on depositaries from the regulators on frequency and content of monitoring;
there is in effect, no natural flow of information or data to them. Digital solutions may help increasing
operational effectiveness, but does it fix the information and data sources issue? Adding to these
challenges are the sustainable finance and ESG principles and transparency reporting that are taking
place in the regulatory landscape. During this roundtable, we will also revisit any updates in the area of
latest developments on AIFMD and potential impacts on passporting rules and its impact on depositaries.
We will also debate on other key topics on the agenda including amongst others:
• Depositaries operations: valuation, KYA, cash-flow monitoring and look-through activities
• Digitalization: technology developments
• Cost-margin structure: evolution in the industry
• Regulatory: AIFMD upcoming review and updates
Participant depositaries will have the opportunity to discuss the impacts, challenges and opportunities
brought in their business models by these regulatory developments and operational challenges.
AML/CFT in Private Equity, Real Estate and
Management Companies – How to deal with it
9 March 2021
Audience: Chief Compliance Officer, Chief Internal Auditor
Recent work and statements from the financial regulator indicate that funds using private placement will
see increased regulatory scrutiny over their anti-money laundering (AML) systems and controls.
In this roundtable, we would like to welcome a group of chief compliance officers and Chief Internal
Auditors to launch a discussion around some key topics and challenges with which they are confronted on
a regular basis.
With this first roundtable, we will consider building a robust AML/CFT monitoring framework, the risks
in transactional activity and how the recent regulatory changes impact the operational design of your
organization.
Lastly, we will look at practical approaches to implementing regulatory compliance and current scenarios/
market trends where the private placement of funds becomes a more valuable instrument for money
launders.
14 I EY Alternative Investment Funds Club - 2020/2021 ProgramROUNDTABLE
Chief Financial Officers’ roundtable
25 March 2021
Audience: Chief Financial Officers
We will welcome a group of Chief Finance Officers and Head of Finance Functions from among our
members to discuss key financial and operating challenges facinge industry. Through this session
we will develop and discuss challenges and solutions on various matters such as treasury, structure
management, track record and other finance related activities in fund management.
These recurring roundtable sessions serve as a unique forum for private discussion among industry peers.
Tax Directors 2: Anti-Tax Avoidance Directive 2
(ATAD 2), one year of practice: a step forward to more
certainty in the application of the rules in Luxembourg
29 April 2021
Audience: Tax directors in an alternative investment fund
At this roundtable, we would like to discuss with you the current views on the application of certain
provisions of ATAD2 after one year of practice. This will be a great opportunity to discuss opportunities
and potential challenges on practical issues faced by asset managers since the implementation of ATAD2
in the Luxembourg tax law on 1 January 2020.
The discussion will include, amongst other, the application of the associated enterprise and related “acting
together” concept in the fund industry, the specific status of certain investors, other concepts that are key
in the application of ATAD2 e.g., certain deductions with corresponding inclusions, timing of inclusions,
double deduction situations, interaction of ATAD2 with pre-existing Luxembourg rules and updates on
the proofs requested in practice by the Luxembourg tax authorities to justify the absence of an hybrid
mismatch outcome in Luxembourg.
EY Alternative Investment Funds Club 2020/2021 Program I 15ROUNDTABLE
Developing the appropriate scope of Internal Audit
(IA) activities
8 June 2021
Audience: Conducting Officers in charge of Internal Audit, Chief Internal Auditors
It is challenging to find the right balance and to ascertain the right level of IA activities.
Whether your IA is internal or outsourced, its coverage has to be sufficient to meet regulatory
expectations, while being commensurate to your size and activities. Where IA is outsourced to the group,
the AIFM still owns the function and it is essential that the risk assessment and plan are tailored to
Luxembourgish requirements.
We will discuss the setup and governance of your IA, key IA matters and the right level of activities on the
plan to meet regulatory expectations and key risks.
We would like to also address common challenges that you are facing during audits and how to best
address your internal auditors expectations, especially regarding key IA matters such as governance and
oversight, valuation, investment process including know your assets, all the while drawing the most added
value from your efforts.
Valuation oversight for AIFMs – a practical view
17 June 2021
Audience: External and in-house AIFM Valuation professionals, portfolio managers, conducting officers,
depositary banks professionals
This roundtable is aimed at highlighting and discussing the most important and crucial issues of the
valuation oversight function with focus on tasks that are being performed by valuation, risk and portfolio
management professionals. Amidst evolving regulation requirements and acceleration of technological
changes, valuation becomes an extremely important element of the alternative investment industry.
At this roundtable, participants together with our valuation oversight experts will have a unique
opportunity to share their latest experience and elaborate on some important trends in the AIFM’s
valuation function development including different aspects of Market Regulation, Digitalization
Challenges, Evolution of Valuation Market Practices and Standards. Additionally, a specific attention will
be paid to the latest tendencies in the corporate solutions emerged in recent years to support valuation
oversight function of alternative investment funds.
16 I EY Alternative Investment Funds Club - 2020/2021 ProgramSOCIAL EVENTS
New Year’s Cocktail
19 January 2021
Audience: All AIF Club members
Our New Year’s Cocktail evening is already a tradition.
We sincerely hope to welcome you at this event and will communicate arrangements closer to the time.
Summer Party
1st July 2021
Audience: All AIF Club members
This event is held at the end of the current AIF Club program and takes a short look back at the past AIF
Club year and launches the new AIF Club season by sharing the new program with all members.
EY Alternative Investment Funds Club 2020/2021 Program I 17WEBCASTS Webcasts 18 I EY Alternative Investment Funds Club - 2020/2021 Program
WEBCASTS
Real Estate webcast 1: Trends in Real Estate
markets and investment strategies
20 October 2020 from 4:00 to 5:00 pm CET
Real Estate is an asset class that is constantly evolving. It reflects who we are as a society and adapts to
how we live our lives. The recent disruptions caused by COVID-19 have resulted in certainty trends being
accelerated and the introduction of a new phenomena. How has this impacted the built environment and
what will this mean for investment strategies over the coming years – we welcome the heads of research
of some of the largest RE investment firms to discuss their views on this.
Real Estate webcast 2: Trends in property
technologies and their impact on investment
decisions
21 October 2020 from 4:00 to 5:00 pm CET
Innovation in the real estate sector has been accelerating over the past number years. COVID-19 and
the associated economic measures have provided further momentum to help embrace the technological
changes along with some adjustments to the new reality. Market environment has created both
opportunity and dislocation in property technological trends. While some segments will be negatively
impacted, many will benefit from tech tailwinds created by the crisis. Office, residential and hospitality
space tech, construction tech, facilities management, data and analytics, investor behavior and asset
management, all have different dynamics that impact the business performance. Our webcast will
help you to navigate through some of these dynamics to better understand the ongoing technological
transformation in the real estate sector.
RE webcast 3: Have you performed a Tax “Health
Check” in 2020 for your fund structures?
29 October 2020 from 4:00 to 5:00 pm CET
Every year there are new tax rules which may impact the operation of investment funds and their
underlying structures. This is particularly the case in 2020. A tax health check not only aids detecting
a need for adjustments in the structure but also facilitates the preparation of information for audit and
tax compliance purposes. With the new tax rules applicable as from 2020, what are the key items to be
included in a tax health check of the fund structure? Join us in a discussion with selected fund managers
on the benefits of performing a health check of the fund structure and the key tax items to be included for
2020.
EY Alternative Investment Funds Club 2020/2021 Program I 19WEBCASTS
Environmental, Social and Governance (ESG)
17 November 2020 from 4:00 to 4:45 pm CET
For the first time, we will run a webcast specifically dedicated to ESG agenda for the alternative funds
industry. The aim of this webcast is to present to you the impact of the new European Regulations on
the value chain of AIF managers, key challenges and solutions, and to also share experiences on how
managers adapt their operations when they wish to become ESG leaders.
IFRS year-end update 1
24 November 2020 from 4:00 – 5:00 pm CET
Are you up-to-date with current accounting and regulatory developments? Can you identify the
implications for your company’s financial accounting and reporting? Staying abreast of recent and
pending rules and regulations is critical to positioning your company for success. During this webcast we
will focus on IFRS/IFRIC developments and other lessons learned from recent reporting.
• Identify and gain insight on new IFRS standards, amendments and interpretations (IFRS pronounce-
ments) in issue as of 30 September 2020 and effective for periods beginning in 2021 and thereafter.
• Identify and gain insight on IFRS Interpretations Committee (IFRS IC) decisions and (tentative) agenda
decisions
• Identify and gain insight from 2019 and first quarters 2020 financial statements, including Covid-19
update
20 I EY Alternative Investment Funds Club - 2020/2021 ProgramWEBCASTS
Securitization in Luxembourg – Market and
regulatory updates
11 February 2021 from 4:00 to 5:00 pm CET
Audience: AIF Club members with a general interest in this topic
Capital markets distress, revisit of existing valuation models, transparency on reporting requirements,
impacts of regulatory updates and responsiveness to the increasing financing needs. These are in a
nutshell challenges that the securitization practice will most likely be facing in these specific times.
Our nineth Securitization event will be held in the form of a webcast where we aim to discuss together
industry updates and hot topics impacting the securitization market.
Membership and program co-ordination
If you need to discuss any organizational or membership matters or if you would like to meet
with our subject matter specialists, please contact:
Mireille Pourpognot
+352 42 124 8549
mireille.pourpognot@lu.ey.com
EY Alternative Investment Funds Club 2020/2021 Program I 21EY Luxembourg The AIF specialists Our alternatives fund team in Luxembourg comprises of over 300 professionals specialized in alternative asset classes. We are part of a highly connected network of professionals in over 150 countries. We include below a list of service lines and sector leaders. If you are interested in discussing any specific topic, please get in touch with Mireille Pourpognot or join our LinkedIn community and we will arrange a meeting or call between you and the respective subject matter specialists. 22 I EY Alternative Investment Funds Club - 2020/2021 Program
EY Alternative Investment Funds Club 2020/2021 Program I 23
Audit and Assurance
Robert White Olivier Coekelbergs
Partner, Assurance, Real Estate, Country Managing Partner
AIF Club Chairman +352 42 124 8424
+352 42 124 8882 olivier.coekelbergs@lu.ey.com
robert.white@lu.ey.com
Michael Ferguson Bruno Di Bartoloméo
Partner, EY Luxembourg Wealth & Partner, Assurance, Real Estate
Asset Management Practice Leader +352 42 124 8493
and EY EMEIA Wealth & Asset bruno.dibartolomeo@lu.ey.com
Management Assurance Leader
+352 42 124 8714
michael.ferguson@lu.ey.com
René Ensch Pavel Nesvedov
Partner, Quality & Risk Partner, Assurance, Real Estate
Management Leader +352 42 124 8789
+352 42 124 8373 pavel.nesvedov@lu.ey.com
rene.ensch@lu.ey.com
Julie Honoré Jesus Orozco
Partner, Assurance, Real Estate Partner, Assurance, Real Estate
+352 42 124 8111 +352 42 124 8473
julie.honore@lu.ey.com jesus.orozco@lu.ey.com
Laurent Capolaghi Michel Feider
Partner, Private Equity Leader Partner, Assurance, Private Equity
+352 42 124 8855 +352 42 124 8797
laurent.capolaghi@lu.ey.com michel.feider@lu.ey.com
Olivier Jordant Oliver Cloess
Partner, Assurance, Private Equity Associate Partner, Assurance, Banking & Capital
+352 42 124 8161 Markets
olivier.jordant@lu.ey.com +352 42 124 8696
oliver.cloess@lu.ey.com
Kerry-Jane Nichol Jean-Michel Pacaud
Partner, Assurance, Wealth & Partner, Assurance, Insurance
Asset Management +352 42 124 8570
+352 42 124 8975 jeanmichel.pacaud@lu.ey.com
kerry-jane.nichol@lu.ey.com
Aissata Coulibaly Zeeshan Ahmed
Associate Partner, Assurance, Partner, Assurance, Private Equity
Private Equity +352 42 124 8091
+352 42 124 8647 zeeshan.ahmed@lu.ey.com
aissata.coulibaly@lu.ey.com
24 I EY Alternative Investment Funds Club - 2020/2021 ProgramFinancial Accounting Services
Renaud Breyer
Partner, Assurance, FAAS
+352 42 124 8255
renaud.breyer@lu.ey.com
Outsourcing and Managed Services
Bob Fischer John Beavers
Partner, Tax, Accounting, Compliance Principal, Assurance, Accounting,
and Reporting Compliance and Reporting
+352 42 124 7526 +352 42 124 8846
bob.fischer@lu.ey.com john.beavers@lu.ey.com
EY Alternative Investment Funds Club 2020/2021 Program I 25Tax Consulting and Regulatory Services
Dietmar Klos Vincent Remy
Partner, Real Estate Leader Partner, Tax, Wealth & Asset Management
+352 42 124 7282 +352 42 124 7611
dietmar.klos@lu.ey.com vincent.remy@lu.ey.com
Olivier Bertrand Patricia Gudino Jonas
Partner, Tax, Private Equity Partner, Tax, Global Compliance
+352 42 124 76 57 & Reporting
olivier.bertrand@lu.ey.com +352 42 124 7545
patricia.gudino@lu.ey.com
Nicolas Gillet John Hames
Partner, Tax, Transfer Pricing Partner, Tax, Global Compliance &
+352 42 124 7524 Reporting
nicolas.gillet@lu.ey.com +352 42 124 7256
john.hames@lu.ey.com
Maria Scherer Olivier Lambert
Associate Partner, Tax, Global Compliance Partner, Tax, Indirect Tax
& Reporting +352 42 124 7361
+352 42 124 7279 olivier.lambert@lu.ey.com
maria.scherer@lu.ey.com
Sylvie Leick
Partner, Tax, People Advisory Services
+352 42 124 7242
sylvie.leick@lu.ey.com
26 I EY Alternative Investment Funds Club - 2020/2021 ProgramStrategy & Transactions Services
Christophe Vandendorpe Alp Sen
Partner, Strategy & Transactions Leader Senior Manager, Strategy and
+352 42 124 8049 Transactions, Real Estate
christophe.vandendorpe@lu.ey.com +352 42 124 7272
alp.sen@lu.ey.com
Consulting – Risk, Regulation and Performance
Improvement
Laurent Moscetti Rafael Aguilera
Partner, Consulting Leader Principal, Consulting, Financial
+352 42 124 8124 Services Risk Management
laurent.moscetti@lu.ey.com +352 42 124 8365
rafael.aguilera@lu.ey.com
Brice Lecoustey Ajay Bali
Partner, Consulting, Digital Associate Partner, Consulting
+352 42 124 83 68 +352 42 124 8172
brice.lecoustey@lu.ey.com ajay.bali@lu.ey.com
Bernhard Bittner
Associate Partner, Consulting,
Regulatory Reporting
+352 42 124 8913
bernhard.bittner@lu.ey.com
EY Alternative Investment Funds Club 2020/2021 Program I 27EY | Assurance | Tax | Strategy and Transactions | Consulting
About EY
EY is a global leader in assurance, tax, strategy,
transaction and consulting services. The
insights and quality services we deliver help
build trust and confidence in the capital markets
and in economies the world over. We develop
outstanding leaders who team to deliver on our
promises to all of our stakeholders. In so doing,
we play a critical role in building a better working
world for our people, for our clients and for our
communities.
EY refers to the global organization, and may
refer to one or more, of the member firms of
Ernst & Young Global Limited, each of which is
a separate legal entity. Ernst & Young Global
Limited, a UK company limited by guarantee,
does not provide services to clients. Information
about how EY collects and uses personal data
and a description of the rights individuals have
under data protection legislation are available via
ey.com/privacy. For more information about our
organization, please visit ey.com.
© 2020 Ernst & Young S.A.
All Rights Reserved.
ED None
This material has been prepared for general informational
purposes only and is not intended to be relied upon as
accounting, tax or other professional advice. Please refer to
your advisors for specific advice.
ey.com/en_lu
Connect with us
Join our LinkedIn group to get the latest information from our
experts and share with them your insight on the latest topics.
EY Luxembourg AIF Club
Visit our Youtube channel to see our latest videos
youtube.com/eyluxembourgchannel
Follow us on Twitter to get our latest EY Luxembourg news
@EY_Luxembourg
Visit our Luxembourg website to get all the information about EY
Luxembourg and download our latest publications
ey.com/en_lu
28 I EY Alternative Investment Funds Club - 2020/2021 ProgramYou can also read
