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Ireland supplement: Luck and expertise leads to growth

Supplement – June 2010

Author: Joanne Harris

Source: Hedge Funds Review | 30 May 2010

Categories: Hedge Funds

Topics: Ireland, Fund administration, Legal services, Accounting, Auditing, Ucits, Regulation, Domicile, QIF (qualified investment fund)

june-2010-ireland-supplement

Ireland’s hedge fund industry has weathered the storm ravaging the country’s economy and is well prepared for the future.

At a time when Ireland has struggled economically, the country’s fund services industry has stood out in its resilience to the turmoil affecting the jurisdiction.

Overview: Despite Ireland’s macro-economic troubles in the past two years, the country’s fund industry is thriving.

Redomiciliation: New legislation designed to streamline the process of redomiciling funds to Ireland is generating significant interest from hedge fund managers.

Ucits: Irish service providers believe the trend for Ucits-compliant hedge funds is here to stay and plan to capitalise on it.

Legal services: As more firms seek to enter the Irish market, hedge fund lawyers are evaluating the services they offer to clients.

Fund administration: Fund administrators in Ireland are examining operating models to best service both regulated and unregulated hedge funds.

Accounting and auditing: Audit firms working with hedge funds are reporting new business flowing in after a difficult 2009.

What they say about Ireland: Accountants, lawyers, fund administrators and other industry participants give their views on why Ireland is flourishing as a hedge fund service centre.

Ireland at a glance: Key facts, figures and information about Ireland.

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