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Matheson Continues to Increase Share of Growing Market
AUTHOR(S): Tara Doyle
KEY CONTACT(S): Anne-Marie Bohan, Gavin Coleman, Liam Collins, Dualta Counihan, Philip Lovegrove, Shay Lydon, Oisin McClenaghan, Michelle Ridge, Michael Jackson, Barry O’Connor, Donal O’Byrne, Elizabeth Grace
PRACTICE AREA GROUP: Asset Management and Investment Funds
Matheson's Asset Management and Investment Funds Department has once again been ranked by the Monterey Insight Ireland Fund Report, the leading independent industry survey, as Ireland's leading practice by assets under management. The 2018 Monterey report, published on 16 December, reveals that Matheson now acts for 30% of Irish domiciled investment funds by assets under management as at 30 June 2018, placing us top of the table by market share for both Irish domiciled and serviced funds, for the eighth year in a row. This increase in our market share, in what is an ever growing market, places us over 9% clear of our next nearest competitor.
The wider fund report indicates that the Irish fund industry is at an all-time high with fund assets serviced in Ireland up by 11.7%, equating to US$3,677.7 billion as at end June 2018, up from US$3,293.3 billion for the same time last year. Total fund assets for Irish domiciled funds alone has increased by 13.7%, with the number of funds and sub funds now at 5,229, up from 4,992 in 2017.
Tara Doyle, Head of Matheson’s Asset Management and Investment Funds Department, welcomes this affirmation of the stability of the Irish fund industry, and said:
“We are delighted to once again have grown our market share, in a market which also continues to grow. This increase in market share is attributable to a dual focus; first and foremost, helping our existing clients achieve their growth and secondly strategically targeting new managers entering the Irish market and existing managers looking for the enhanced servicing and value add that Matheson can provide. The stability of our partner group this year has enabled this focus on the quality of our client service.”
Matheson’s leading funds team comprises over 50 fund professionals in total, led by 12 partners acts for 7 of the top 10 global promoters of Irish funds, 8 of the top 10 US asset managers, and the world’s 4 largest asset managers.