TADHG YOUNG, Head of State Street Ireland provides a bird's eye view of the development of the crisis in securities and funds markets.'There is no textbook that tells you how to navigate through a rapidly-changing public health, economic and financial markets crisis like COVID-19. However, the first priority for all organisations when presented with this unique challenge is the health and safety of their employees', he says.
WITH travel between countries currently severely restricted it is increasing likely that directors of IFS companies may not be willing and/or physically able to travel to meetings in Ireland.
In investment funds for example, the majority of boards meet on a quarterly basis and any alternative investment funds which meet on a less regular basis are required to explain this decision in accordance with the Irish Funds Corporate Governance Code. The Central Bank of Ireland’s Fund Management Company Guidance states that boards of fund managers (including self-managed funds) should meet at least quarterly and that it is expected that at least these four meetings are held in Ireland.
London, 28th May 2020: Amundi, the leading European asset manager, announced that the Central Bank of Ireland has confirmed Amundi as a 'Super' Management Company in Ireland. It complements a range of existing authorisations held by the firm including, individual portfolio management and investment advice. With the full scope of AIFMD and UCITS permissions in Ireland, Amundi can now draw on its four major hubs for fund hosting services: France, Luxembourg, Austria and Ireland.
'We find asset reallocation combined with reinsurance to be the most effective means to manage an insurer’s return/risk profile following a more holistic enterprise-based framework', says New England Asset Management's Jim Bachman. New England Asset Management (NEAM) was established 1984 based on the recognition of a need for specialised asset management services tailored to the insurance industry. It was acquired by Berkshire Hathaway in 1998 and, in Europe, has established NEAM Limited in Ireland with a branch office in the UK.
21st November 2019: At its 7th Annual UK Symposium in London, Irish Funds announced that the total net assets for Irish domiciled investment funds stand at a record €2.925 trillion, according to data to end September from the Central Bank of Ireland.