There's a growing number of investment managers looking to Ireland for product and service solutions ahead of publication of the Level 2 implementing measures of the Alternative Investment Fund Managers Directive (AIFMD), reports the Irish Funds Industry Association (IFIA).
The IFIA confirms that its industry is “AIFMD ready” with many of the key provisions already a standard part of the requirements for the Qualifying Investor Fund (QIF). The IFIA believes its increasing popularity with alternative investment managers as the prime jurisdiction of choice is down to the existing regulatory regime combined with the local expertise in servicing complex international investment funds. The latest figures confirm the number of QIFs reaching an all time high of 1,420 and assets reaching a new peak of €182bn – up 20% in 12 months and 35% in 2010. Ireland’s dom...
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