Ireland Fund Services 2014

Thu, 20/11/2014 - 13:10

With the imminent introduction of the Irish Collective Management Vehicle (ICAV) and enormous interest in vehicles investing in the fast-recovering domestic real estate market, Ireland's funds business is set to dial up strong growth in 2015

The 'Ireland Fund Services 2014' special report comprises 1 separate articles listed below, these can be read individually or as a sequence.
James Williams, Hedgeweek

Product and legal innovations keep Ireland one step ahead

Thu, 20/11/2014 - 13:21

It is highly anticipated that Ireland will have a new corporate vehicle for Irish funds in place by the end of 2014: the Irish Collective Asset-Management Vehicle or ICAV. »

Clara Dunne, Caceis

Spike in domestic real estate fund activity

Thu, 20/11/2014 - 13:27

Market sentiment has been shaken recently over fears of low growth in the Eurozone and a potential slide back into recession. The German government downgraded its economic forecast to 1.2 per cent for 2014; and this is meant to be the Eurozone’s powerhouse economy. »

Brian McDermott, A&L Goodbody

The ICAV: New opportunities

Thu, 20/11/2014 - 14:17

By Brian McDermott (pictured) & Nessa Joyce – Ireland took a significant step closer to paving the way for the establishment of the Irish collective asset-management vehicle (the ICAV) with the publication of the ICAV Bill on 29 July this year, the early enactment of which has been cited as a priority for the Irish Government. »

Ken Sommerville, Quintillion

Overcoming AIFMD challenges

Thu, 20/11/2014 - 13:41

Quintillion Limited is a European-based affiliate of U.S. Bancorp Fund Services, a global alternative administrator with assets under administration of USD117bn, with Europe’s AuA totalling approximately USD19bn. »

Toem Kirkpatrick, SS&C GlobeOp

New tool for operational risk

Thu, 20/11/2014 - 13:46

Under the AIFMD, European fund managers must focus more intently on operational risk. Earlier this summer, the Central Bank of Ireland produced an AIF rulebook highlighting 16 requirements to which an AIFM should adhere in order to establish best practices around operational risk. »

Sean O'Donovan, Clearstream

A one-stop subcustodian service

Thu, 20/11/2014 - 13:50

On 3 October 2014, Clearstream, a Luxembourg-headquartered international central securities depositary, successfully completed the acquisition of Citco Global Securities Services Limited (CGSS). With the integration of around 300 Citco employees, the Cork-based office is now Clearstream’s largest operational hub for processing funds. »

Clive Bellows, Northern Trust

Regulated fund market set to grow with direct lending vehicle

Thu, 20/11/2014 - 13:54

With total hedge fund AuM now nearing USD3trn, the last 12 months have been a noticeable period of growth for the industry at large. Admittedly, 2014’s performance figures aren’t as strong as 2013 but as the regulatory dust in Europe settles many more managers are striking out and launching new funds. »

David O'Keefe, SMT Trustees

Full depo lite flexibility for PERE managers

Thu, 20/11/2014 - 13:57

“We’re seeing more interest than we did in the past. PERE managers are looking for expertise from their service partners under the AIFMD. In the past they would have gravitated towards other jurisdictions. More service providers are now comfortable with PERE as an asset class,” comments David O’Keeffe (pictured), CEO of SMT Trustees (Ireland) Limited (“SMT Trustees”). »

Bradford Rowley, Pacific Fund Systems

AIFMD Annex IV reporting made simple

Thu, 20/11/2014 - 14:01

By Bradford Rowley (pictured) – Any association between Annex IV and the word ‘simple’ may appear to be an oxymoron as the Annex IV fund and manager filing typically requires the completion of a combined 339 questions on a recurring basis for larger managers. »

other gfm publications
GFM corporate logo