Irish Funds Market Update Q4

Irish Funds Market Update Q4

2020 is and will continue to be a challenging year. During turbulent market conditions, The Irish Funds industry has shown great resilience and agility.

People working in Funds are well equipped to work remotely. According to the Global Custodian report, Alternative Fund Managers saw improved levels of service during the peak of the COVID-19 pandemic from their fund administrators. This is a fantastic achievement.

Remote working is here to stay but we do believe that people will start transitioning to a hybrid working environment in 2021. Over the last few month, we have seen some positive signs that the sector will continue to grow and evolve.

Below are some reasons why we are confident 2021 will be a positive year for the industry.

• As per the Irish Times 67 financial firms either entered the Irish market or expanded their presence here in 2020 despite the Covid-19 crisis.
• The CBI have recently issued a CEO Letter in relation to CP86, this will have a big impact on Self-Managed Investment Funds and pre-Brexit authorised Mancos. We predict the INED and Designated Person space as a high growth sector in 2021.
• The Irish Government recently approved the text and publication of The Investment Limited Partnership (Amendment) Bill 2020. We predict future growth in the Private Markets fund administration space.

On behalf of everyone here in Camden Recruitment Partners, may you and your family stay safe and healthy.

Contact:

If you would like to arrange a call to discuss the market, contact us at hello@camden.ie.