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Matheson Ranked as Ireland’s Leading Funds Practice for Seventh Consecutive Year
PRACTICE AREA GROUP: Asset Management and Investment Funds
Matheson's Asset Management and Investment Funds Group has been ranked by the Monterey Insight Ireland Fund Report, the leading independent industry survey, as Ireland's leading practice by assets under management for the seventh year in a row. The 2017 Monterey Insight report reveals that Matheson acts for 29% of Irish domiciled investment funds by assets under management as at 30 June 2017.
The recent report from the independent fund research company highlights that the number of Irish domiciled funds has grown by 6.1% since 2016 when the total of funds was 4,637. Fund assets serviced in Ireland increased by 21.4% reaching US$3,293.3bn at the end of June 2017. These figures reveal that Ireland continues to maintain its position as the European fund domicile of choice for global asset managers. The funds industry also managed to attract over US$32.4 billion in newly launched funds which again demonstrates the sector and Ireland’s desirability as an important fund centre. Commenting on the results of the report, Tara Doyle, Head of Matheson's Asset Management and Investment Funds team, said,
“Matheson welcomes the 2017 Monterey Insight Ireland Fund Report results in which Matheson, for the seventh year in a row is ranked the number one funds practice in Ireland by assets under management. This reflects Matheson’s clear position as the leading Irish funds practice acting for 29% of all Irish domiciled investment funds by assets. In parallel with this growth, Matheson is delighted to maintain its position as the number one ranked funds practice in Ireland by assets, holding a market share which is over 9% greater than our nearest competitor.”
Matheson's dedicated asset management and investment funds team comprises over 50 fund professionals in total, led by 12 partners and has extensive experience in UCITS and alternative investment funds including property funds, private equity funds, ETFs, money market funds, loan funds, fund of funds and in ICAV structuring.