Legal & Regulation

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Fund governance changes loom large

Fund governance changes loom large

By Keith Parker, Link Asset Services – The Irish funds industry had another bumper year with total assets for 2017 growing by EUR298 billion – a 16 per cent year-on-year increase – to a record high of EUR2.4 trillion1, a substantial figure and testament to the attractiveness of Ireland as a global funds domicile. Of this total just over 76 per cent represents UCITS funds’ assets, the balance representing alternative assets. More than 900 fund managers from 50-plus countries have assets serviced in Ireland.2

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Changing times in Irish funds

Changing times in Irish funds

By Mark Crossan, Bridge Consulting – Irish Funds are on the move again. Every couple of years there is a new product evolution. In 2015 we had the introduction of the ICAV (Irish Collective Asset Management Vehicle) and 2018 is shaping up to be no different. Not only could this year be the year that Ireland gets its eagerly awaited revamped Investment Limited Partnership (ILP) structure, but it looks like other changes are afoot as well.

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New loan origination QIAIF regime - finally a viable option?

New loan origination QIAIF regime - finally a viable option?

By Gayle Bowen & Aongus McCarthy, Pinsent Masons – Under new rules implemented by the Central Bank of Ireland (“Central Bank”) last month, Irish Loan Originating Qualifying Investor AIFS (“L-QIAIFs”) are now permitted to adopt broader credit focussed strategies. Previously L-QIAIFs were prohibited from engaging in any activities other than lending and ancillary related operations.

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Jersey sees uptick in number of fund managers choosing the island’s private placement regime

Jersey sees uptick in number of fund managers choosing the island’s private placement regime

A growing number of Jersey-registered fund managers are opting to future-proof their strategies and market into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD), according to the latest figures from Jersey’s regulator, the Jersey Financial Services Commission (JFSC).