US-based financial services company Duff & Phelps adds Ireland as a second European operational hub, after Luxembourg, for offering fund management services – authorised for both UCITS and AIFM.
The news is relayed by media including Hedge Week.
British fund companies seeking a new EU foothold after Brexit are apparently one target group.
For those interested in background, this older article by SS&C Advent’s Roger Woolman gives some explanation on the growing importance, as well as some limitations, of so called “super mancos” – fund management companies authorised for both UCITS and AIFM funds. And this article, by Funds Europe, interestingly digs deeper on the dilemmas stemming from the fact that they are paid by the funds they are meant to keep in check.
(Photo: Steije Hillewaert / Unsplash)