Luxembourg’s asset management sector plays a pivotal role in the financial ecosystem, characterized by various companies that serve local and international investors. This industry includes firms ranging from specialized boutique operations to larger corporate entities, all offering services like portfolio management and fund administration. The focus is increasingly on responsible investing, as seen through the integration of ESG principles. Furthermore, as regulations evolve and technological advancements reshape traditional investing, the landscape is poised for continued growth, challenging companies to innovate and adapt while maintaining compliance and quality in their service offerings.


The companies featured here represent a mix of 21 asset management firms headquartered in Luxembourg, established from 1980 to 2023. With sizes ranging from small teams of around 11 to over 5,000 employees, these firms cater to both institutional and retail investors. Their specialties traverse various sectors, including alternative investments, portfolio management, and wealth management, reflecting the nuanced needs of today's financial clients.


Read on to discover the top asset management companies in Luxembourg.


Top 21 Asset Management Companies in Luxembourg


1. Lemanik Asset Management S.A.

  • Website: lemanikgroup.com
  • Ownership type: Private
  • Headquarters: Mamer, Capellen, Luxembourg
  • Employee distribution: Luxembourg 87%, Switzerland 5%, Hong Kong S.A.R 3%, Other 6%
  • Founded year: 1971
  • Headcount: 51-200
  • LinkedIn: lemanik-asset-management

Lemanik Asset Management S.A., based in Mamer, Luxembourg, is an investment management firm that has been active since 1971. The company specializes in asset management and investment solutions, offering services such as wealth management and portfolio management to qualified investors and institutions. Lemanik operates with a strong emphasis on independence and flexibility, which allows them to adapt to the unique needs of their clients. They hold both AIFM and UCITS licenses, enabling them to manage a variety of fund vehicles. With a workforce of approximately 105 employees, the firm has a significant presence in Luxembourg, Switzerland, Hong Kong, and other regions. Lemanik manages over €30 billion in assets and is involved in creating and administering mutual funds, as well as providing tailored investment strategies. Their focus on high-value niche strategies and active management reflects their commitment to achieving clients' investment objectives.


2. Assenagon Asset Management S.A.

  • Website: assenagon.com
  • Ownership type: Private
  • Headquarters: Niederanven, Luxembourg, Luxembourg
  • Employee distribution: Germany 82%, Luxembourg 14%, Switzerland 4%
  • Founded year: 2007
  • Headcount: 51-200
  • LinkedIn: assenagon

Assenagon Asset Management S.A. is an asset management firm headquartered in Niederanven, Luxembourg. Established in 2007, the company specializes in investment management and portfolio management services. It caters to a range of clients, including institutional, wholesale, and private investors, providing tailored investment strategies aimed at optimizing asset performance. Assenagon operates through its subsidiaries in Germany and Switzerland, which enhances its reach and service capabilities in the European market. The firm is subject to the supervision of the Commission de Surveillance du Secteur Financier (CSSF), ensuring compliance with regulatory standards. With a dedicated team of professionals, Assenagon focuses on delivering high-quality financial services, reflecting its commitment to client satisfaction and investment excellence.


3. ING Solutions Investment Management


ING Solutions Investment Management S.A. (ISIM) is an asset management firm located in Luxembourg, established in 2014. As the asset management arm of the ING Group in Luxembourg, ISIM specializes in managing investments for both institutional clients and individual investors. The company is committed to delivering tailored asset management solutions and strategic financial advice, ensuring that clients' investment goals are met with precision. With a workforce of around 39 employees, ISIM operates solely in Luxembourg, reflecting its focus on the local market while benefiting from the global expertise of the ING Group. The firm has not reported any recent funding, indicating a stable operational model supported by its parent company.


4. BLI - Banque de Luxembourg Investments


BLI - Banque de Luxembourg Investments, established in 2005, is an asset management company based in Luxembourg. It specializes in fund management and investment strategies, offering a range of services that include wealth management and thematic investment funds. The firm serves both professional and private investors, demonstrating its adaptability to different client needs. BLI has a strong focus on equities, bonds, and multi-asset strategies, with a commitment to stable investment principles that have been consistently applied over the years. The company operates under the commercial name Conventum Third Party Solutions, providing comprehensive management services for third-party fund initiators. This involvement underscores its expertise in navigating complex financial markets and regulatory requirements, making it a significant player in the asset management sector.


5. NEAM (Nord Est Asset Management S.A.)


Nord Est Asset Management S.A. (NEAM) is a private asset management company located in Luxembourg, founded in 1999. With a team of approximately 22 employees, NEAM specializes in investment management and financial advisory services tailored for both retail and institutional investors. The firm is dedicated to helping clients manage their investment portfolios effectively, leveraging the expertise of international managers to address the complexities of financial markets. NEAM's focus on personalized investment strategies and risk management positions it as a significant player in the asset management sector, catering to a range of client needs while emphasizing informed decision-making and thorough market analysis.


6. LRI Invest S.A.

  • Website: lri-invest.lu
  • Ownership type: Private Equity
  • Headquarters: Schuttrange, Luxembourg, Luxembourg
  • Employee distribution: Luxembourg 92%, Ireland 8%
  • Latest funding: June 2018
  • Founded year: 1988
  • Headcount: 201-500
  • LinkedIn: lri-invest-s-a-

LRI Invest S.A., based in Schuttrange, Luxembourg, is a financial services company that has been active in the asset management sector since its founding in 1988. The firm specializes in providing a range of services tailored to the needs of investment managers and institutional investors. These services include portfolio management, compliance, risk reporting, and fund distribution, which are critical for clients looking to optimize their investment strategies while adhering to regulatory requirements. LRI Invest operates primarily in Luxembourg, with a small presence in Ireland, and is part of the Apex Group, which enhances its service offerings and market presence. The company has not reported any recent funding, indicating stability and a focus on organic growth within its established framework.


7. FundRock

  • Website: fundrock.com
  • Ownership type: Private Equity
  • Headquarters: Hesperange, Luxembourg, Luxembourg
  • Employee distribution: Luxembourg 56%, Ireland 18%, New Zealand 10%, Other 16%
  • Latest funding: October 2020
  • Founded year: 2004
  • Headcount: 201-500
  • LinkedIn: fundrock-management-company-s-a-

FundRock, founded in 2004 and based in Hesperange, Luxembourg, is a private equity-owned fund management company. With a workforce of around 224 employees, it offers a range of services including Alternative Investment Fund Manager (AIFM) solutions, UCITS management, and comprehensive fund distribution. FundRock serves a clientele that includes investment fund managers and institutional investors, who depend on the firm for navigating regulatory compliance and optimizing fund management across multiple jurisdictions. The company has established a strong presence in Europe, with significant operations in Luxembourg, Ireland, and the UK, among other locations. FundRock's affiliation with the Apex Group further strengthens its service offerings, allowing clients access to a broader spectrum of asset management solutions. Their commitment to regulatory adherence and efficient fund distribution underscores their role in the asset management industry.


8. Alter Domus

  • Website: alterdomus.com
  • Ownership type: Private Equity
  • Headquarters: Luxembourg
  • Employee distribution: United States (USA) 28%, Luxembourg 24%, India 9%, Other 40%
  • Latest funding: $5.3B, March 2024
  • Founded year: 2003
  • Headcount: 5001-10000
  • LinkedIn: alter-domus

Alter Domus, founded in 2003 and headquartered in Luxembourg, is a financial services company that specializes in alternative asset management. The firm offers a comprehensive suite of services, including fund administration, AIFM services, and corporate services, specifically designed for alternative asset managers, asset owners, and financial institutions. With a strong emphasis on navigating complex regulatory environments, Alter Domus provides tailored solutions that address the unique challenges faced by its clients. The company manages a substantial portfolio, with $2.7 trillion in assets under administration and serves 90% of the top 30 asset managers globally. Their workforce of over 5,000 professionals is distributed across key markets, including the United States, Luxembourg, and India, allowing them to deliver localized expertise and support. Alter Domus is also committed to leveraging technology to enhance operational efficiency and compliance, making them a vital partner for those in the alternative investment space.


9. Azimut Investments S.A.

  • Website: azimutinvestments.com
  • Ownership type: Private
  • Headquarters: Luxembourg, Luxembourg, Luxembourg
  • Employee distribution: Luxembourg 69%, Italy 26%, United Arab Emirates 3%, Other 3%
  • Founded year: 1999
  • Headcount: 11-50
  • LinkedIn: azimut-investments

Azimut Investments S.A. is an investment management firm based in Luxembourg, established in 1999. The company specializes in providing a wide range of financial services, including equity, fixed income, and alternative investments. It serves both professional and retail investors, offering customized solutions designed to help clients meet their financial objectives. Azimut Investments is part of the larger Azimut Group, which benefits from a global management team with expertise across various investment centers worldwide. The firm emphasizes effective asset management and investment strategies, showcasing its commitment to client engagement and market insights. With a workforce that includes a significant percentage of employees in Luxembourg and Italy, Azimut Investments maintains a strong presence in the European financial market.


10. Gestron Asset Management

  • Website: gestron.lu
  • Ownership type: Family Owned
  • Headquarters: Luxembourg
  • Employee distribution: Luxembourg 100%
  • Founded year: 2016
  • Headcount: 11-50
  • LinkedIn: gestron-asset-management

Gestron Asset Management SA is an asset management firm located in Luxembourg, established in 2016. The company operates as an Alternative Investment Fund Manager (AIFM) and is authorized by the Commission de Surveillance du Secteur Financier (CSSF). Gestron focuses on providing comprehensive fund management services across various asset classes, including venture capital, private markets, and real estate. Catering primarily to institutional investors and high-net-worth individuals, the firm emphasizes long-term wealth creation and a balanced risk/reward approach. With a team that boasts extensive experience in investment execution, portfolio management, and regulatory compliance, Gestron aims to deliver sophisticated investment solutions. Their commitment to sustainability is evident in their integration of environmental, social, and governance factors into their investment processes, reflecting a modern approach to asset management.


11. Candriam

  • Website: candriam.com
  • Ownership type: Corporate
  • Headquarters: Strassen, Luxembourg, Luxembourg
  • Employee distribution: France 38%, Belgium 36%, Luxembourg 13%, Other 12%
  • Latest funding: $513.6M, September 2013
  • Founded year: 1996
  • Headcount: 501-1000
  • LinkedIn: candriam

Candriam, based in Strassen, Luxembourg, is an asset management firm that specializes in responsible investing. Established in 1996, the company has developed a robust portfolio of investment management services across various asset classes, including fixed income, equities, and real estate. Candriam caters primarily to institutional investors and organizations that seek to align their investment strategies with sustainability goals. The firm has a notable emphasis on ESG investing, having been recognized as a leader in this area since its inception. With approximately 794 employees, Candriam operates mainly in France and Belgium, with additional presence in Luxembourg, the UK, and Italy. The firm manages assets totaling €149 billion as of June 2024, reflecting its significant role in the asset management industry. Candriam also engages in philanthropic efforts through the Candriam Institute for Sustainable Development, which focuses on education, health, and environmental initiatives, further solidifying its commitment to responsible governance and social impact.


12. BIL Manage Invest


BIL Manage Invest is an investment management firm based in Luxembourg, established in 2013. The company specializes in providing fund governance services tailored to UCITS and Alternative Investment Funds. Their offerings include structuring new investment vehicles, portfolio management, and comprehensive risk management. BIL Manage Invest primarily serves clients in the financial services sector, helping them enhance their fund management capabilities. As a wholly owned subsidiary of Banque Internationale à Luxembourg, which has a long-standing history in the banking sector, BIL Manage Invest benefits from a strong foundation and extensive industry knowledge. The firm is fully licensed by the Luxembourg Regulator (CSSF) to provide management company services, ensuring compliance and reliability in their operations. With a dedicated team of investment management professionals, BIL Manage Invest is equipped to act as a portfolio manager when required, providing a seamless integration with clients' existing operating models.


13. Pure Capital | Independent Asset Management

  • Website: purecapital.eu
  • Ownership type: Private
  • Headquarters: Koerich, Capellen, Luxembourg
  • Employee distribution: Luxembourg 84%, Belgium 11%, United Kingdom (UK) 3%, Other 3%
  • Founded year: 2010
  • Headcount: 51-200
  • LinkedIn: pure-capital-s-a-

Pure Capital | Independent Asset Management, based in Koerich, Luxembourg, is a private investment management firm founded in 2010. The company specializes in wealth management, asset management, and management company services. With a dedicated team of around 75 professionals, Pure Capital focuses on providing tailored investment solutions to private clients and financial professionals. Their services include discretionary wealth management, personalized investment strategies, and the management of various investment funds. Operating primarily in Luxembourg and Belgium, Pure Capital is well-versed in navigating the complexities of financial markets. The firm prides itself on its core values of independence, transparency, and performance, which guide its operations and client relationships. Pure Capital is regulated by the Commission de Surveillance du Secteur Financier (CSSF), ensuring compliance with industry standards and practices.


14. Rhein Asset Management (Lux) S.A.


Rhein Asset Management (Lux) S.A. is a private asset management and financial advisory firm based in Mertert, Luxembourg. Founded in 1999, the company specializes in crafting tailored investment solutions for a range of clients, including private individuals and institutional investors. With a team of experienced professionals, Rhein Asset Management focuses on portfolio management, risk analysis, and fund selection, helping clients navigate the complexities of financial markets. The firm has established a reputation for excellence, evidenced by numerous awards for performance in various risk categories. Their approach emphasizes long-term client relationships and a commitment to understanding individual investment goals. With a significant portion of their workforce based in Germany, they maintain a strong presence in the European market, regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg and the BaFin in Germany.


15. Axxion S.A.

  • Website: axxion.lu
  • Ownership type: Private
  • Headquarters: Grevenmacher, Grevenmacher, Luxembourg
  • Employee distribution: Luxembourg 100%
  • Founded year: 2001
  • Headcount: 51-200
  • LinkedIn: axxion-s-a-

Axxion S.A. is an investment management firm located in Grevenmacher, Luxembourg. Established in 2001, the company specializes in fund administration and management services, offering a range of solutions including fund setup, management, and sales support. Axxion operates independently of banks and insurance companies, which allows them to provide customized services to fund initiators and investors. The firm is committed to ensuring effective management of investment assets, focusing on client satisfaction and employee well-being. With a team of approximately 63 employees, Axxion promotes a positive work environment and values flexibility and professional development. The company is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, ensuring compliance with industry standards and practices.


16. ShelteR Investment Management


ShelteR Investment Management is a private investment management firm located in Koerich, Capellen, Luxembourg. Established in 2015, the company specializes in providing wealth management and fund management services. With a dedicated team of professionals, ShelteR focuses on creating tailored investment solutions that prioritize stability and risk reduction for their clients. They serve a range of clients, including individual investors and institutional entities, ensuring that their investment strategies align with specific financial objectives. The firm is regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, which underscores its commitment to compliance and best practices in the financial industry. ShelteR also emphasizes sustainability in its investment approach, integrating environmental, social, and governance (ESG) factors into its decision-making processes. This focus on responsible investing reflects a growing trend in the asset management industry, where clients increasingly seek to align their investments with their values.


17. MC Square S.A.

  • Website: mcsquare.lu
  • Ownership type: Private
  • Headquarters: Luxembourg
  • Employee distribution: Luxembourg 97%, United States (USA) 3%
  • Founded year: 1988
  • Headcount: 11-50
  • LinkedIn: mc-square-sa

MC Square S.A. is an asset management company based in Luxembourg, founded in 1988. The firm specializes in providing fund structuring and management services for UCITS (Undertakings for Collective Investment in Transferable Securities) and AIF (Alternative Investment Fund) products. Catering primarily to global asset managers, advisors, and family offices, MC Square helps clients navigate the intricate landscape of investment management and regulatory compliance. Their service offerings include governance solutions, digital services, and a robust portfolio management system. With a team of experienced professionals, the company manages over €10 billion in assets across more than 100 funds, including a notable focus on sustainability with €1.5 billion in ESG assets. MC Square is authorized and regulated by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, ensuring adherence to high standards of compliance and governance. The firm operates primarily in Luxembourg, with a small presence in the United States, reflecting its international reach and commitment to serving a global clientele.


18. IPConcept (Luxemburg) S.A.

  • Website: ipconcept.com
  • Ownership type: Private
  • Headquarters: Strassen, Luxembourg, Luxembourg
  • Employee distribution: Luxembourg 74%, Switzerland 26%
  • Founded year: 2001
  • Headcount: 51-200
  • LinkedIn: ipconcept-luxemburg-s-a

IPConcept (Luxemburg) S.A., founded in 2001 and based in Strassen, Luxembourg, is a private fund management company that specializes in alternative investment funds and private label funds. With a workforce of around 51-200 employees, the firm has established itself as a significant player in the asset management industry. They offer a wide range of services, including portfolio management, risk management, and compliance support, tailored to meet the needs of asset managers and institutional clients. IPConcept manages approximately €90.4 billion in assets under administration across Luxembourg, Germany, and Switzerland. Their expertise in navigating the complexities of fund administration and investment management makes them a valuable partner for clients looking to optimize their investment strategies. The company operates under the umbrella of DZ PRIVATBANK, which enhances its credibility and service offerings in the market.


19. Adepa Global Services

  • Website: adepa.com
  • Ownership type: Family Owned
  • Headquarters: Schuttrange, Luxembourg, Luxembourg
  • Employee distribution: Spain 37%, Luxembourg 36%, Chile 17%, Other 10%
  • Founded year: 1980
  • Headcount: 51-200
  • LinkedIn: adepa-asset-management

Adepa Global Services Group S.à r.l. is a family-owned financial services firm based in Schuttrange, Luxembourg. Established in 1980, the company specializes in asset management and fund administration. Adepa offers a comprehensive suite of services that includes fund administration, risk management, regulatory reporting, and middle office outsourcing. They cater to a variety of clients, such as asset managers, banks, private equity firms, and family offices. With a workforce of approximately 118 employees, Adepa operates in several countries, including Spain, Italy, and Chile, providing customized solutions to meet the specific needs of their clients. The firm is regulated by the Luxembourgish Financial Sector Supervisory Commission (CSSF) and has a strong focus on compliance and governance, ensuring that their clients can navigate the complexities of the financial markets effectively.


20. Cigogne Management


Cigogne Management S.A. is an investment management firm located in Luxembourg, founded in 2004. The firm specializes in alternative investment solutions, providing a range of products including AIF and UCITS funds, as well as structured products. With a strong emphasis on achieving absolute performance and effective risk management, Cigogne Management tailors its investment strategies to meet the needs of institutional investors and high-net-worth individuals. The firm manages approximately €1.4 billion in assets across various mono- and multi-strategy funds. Cigogne Management benefits from nearly 30 years of experience in alternative management through its partnership with CIC, which serves as its investment advisor. The company prides itself on transparency and stability, with a cohesive team that has been in place since its inception. This stability fosters a consistent approach to investment and risk management, making Cigogne Management a notable player in the asset management sector.


21. Alma Capital Group

  • Website: almacapital.com
  • Ownership type: Private
  • Headquarters: Luxembourg
  • Employee distribution: France 53%, United Kingdom (UK) 26%, Luxembourg 21%
  • Founded year: 2006
  • Headcount: 11-50
  • LinkedIn: alma-capital-group

Alma Capital Group, founded in 2006 and based in Luxembourg, is a private investment management firm that focuses on managing a range of investment funds. The firm primarily serves institutional investors across Europe, providing tailored asset management services designed to achieve attractive returns. Among its notable offerings are the Alma Prudence Asia Credit Fund, which invests in the liquid Asia credit market, and the Alma Eikoh Japan Large Cap Equity Fund, which targets large-cap stocks in Japan. Alma Capital operates with a dedicated team of professionals who leverage their expertise to navigate complex markets. The firm is committed to sustainability and is a signatory of the UN Principles for Responsible Investment, reflecting its awareness of environmental, social, and governance factors in investment decisions. With a workforce distributed across France, the UK, and Luxembourg, Alma Capital maintains a strong presence in the European investment landscape.



Asset Management Insights: Key Companies in Luxembourg


CompanyHeadquarterSizeFoundedOwnership
Lemanik Asset Management S.A.Mamer, Capellen, Luxembourg51-2001971Private
Assenagon Asset Management S.A.Niederanven, Luxembourg, Luxembourg51-2002007Private
ING Solutions Investment ManagementLuxembourg11-502014Private
BLI - Banque de Luxembourg InvestmentsLuxembourg51-2002005Private
NEAM (Nord Est Asset Management S.A.)Luxembourg11-501999Private
LRI Invest S.A.Schuttrange, Luxembourg, Luxembourg201-5001988Private Equity
FundRockHesperange, Luxembourg, Luxembourg201-5002004Private Equity
Alter DomusLuxembourg5001-100002003Private Equity
Azimut Investments S.A.Luxembourg, Luxembourg, Luxembourg11-501999Private
Gestron Asset ManagementLuxembourg11-502016Family Owned
CandriamStrassen, Luxembourg, Luxembourg501-10001996Corporate
BIL Manage InvestLuxembourg11-502013Private
Pure Capital | Independent Asset ManagementKoerich, Capellen, Luxembourg51-2002010Private
Rhein Asset Management (Lux) S.A.Mertert, Grevenmacher, Luxembourg11-501999Private
Axxion S.A.Grevenmacher, Grevenmacher, Luxembourg51-2002001Private
ShelteR Investment ManagementKoerich, Capellen, Luxembourg11-502015Private
MC Square S.A.Luxembourg11-501988Private
IPConcept (Luxemburg) S.A.Strassen, Luxembourg, Luxembourg51-2002001Private
Adepa Global ServicesSchuttrange, Luxembourg, Luxembourg51-2001980Family Owned
Cigogne ManagementLuxembourg11-502004Private
Alma Capital GroupLuxembourg11-502006Private


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