'Unnecessary' Irish SME lending constraints hit hedge funds

Central Bank of Ireland's disqualification of hedge funds with equity positions, debt securities or derivative exposures from originating loans challenged as unnecessary

A neon sign advertising loans

Few hedge funds may be able to take advantage of the Central Bank of Ireland's proposals to lift its long-standing ban on alternative investment funds (AIFs) lending to companies, according to market watchers.

The rules allow funds to originate loans for the first time, in a bid by Irish policy-makers to boost lending to small and medium-sized enterprises (SMEs), but regulatory constraints mean that few hedge funds may profit.

Funds with multi-asset strategies will not be able to originate loans

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