Upsurge of Ucits funds keeps Ireland busy

Ireland: Luck and expertise leads to growth – June 2010

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It is 25 years since the EU first adopted the Undertakings for Collective Investment in Transferable Securities (Ucits) directive. As member states prepare to implement the directive’s fourth iteration, Ireland is confident that it has carved out a niche for itself in establishing Ucits funds.

That confidence is boosted by a recent surge of interest from hedge fund managers who are looking at setting up a Ucits-compliant vehicle. Although a Ucits fund can be domiciled in any EU member state, the

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