Firms welcome recognition from independent fund research report

The latest Ireland Fund Report, covering the year to 30 June 2017, names Matheson as Ireland’s leading practice by assets under management, while Dillon Eustace advised the largest number of Irish-domiciled firms.

Matheson acted for 29 per cent of Irish-domiciled funds by assets under management, while Dillon Eustace advised over 1,103 Irish-domiciled funds and 118 sponsor-managers of Irish-domiciled funds.

The report also highlights that fund assets serviced in Ireland rose by 21.4 per cent, reaching $3,293.5 billion at the end of June 2017.

The total number of sub-funds reached 8,491 (an increase from the 7,969 of the previous year), of which 4,921 are domiciled in Ireland with a total market size of $2,496.8 billion.

The number of Irish-domiciled funds grew by 6.1 per cent in a year.

Tara Doyle, head of Matheson’s asset management and investment funds group, 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 per cent 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 per cent greater than our nearest competitor.”

Andrew Bates, partner and head of financial services at Dillon Eustace, added: “We are proud to be recognised once again as the leading Irish legal adviser to Irish-domiciled investment funds, as well as the leading Irish legal adviser to sponsor-managers of Irish-domiciled investment funds; a position we have enjoyed each year since the commencement of Monterey’s Irish fund surveys.

“This is testament to our team’s hard work and commitment and to the trust and confidence of our clients.”