Wednesday, 27 May 2015
Last updated 21 min ago
Oct 23 2008 | 1:18pm ET
Irish and Chinese regulatory authorities today signed an agreement which will allow Chinese investors to invest in Irish-domiciled funds, opening up Irish-managed and administered funds to one of the world’s largest pools of private capital.
Chinese investors are now able to access internationally distributed investment funds domiciled and serviced in Ireland, through the qualified domestic institutional investor regime.
The value of funds serviced in Ireland is now in excess of US$2 trillion with some 8,000 funds are currently being serviced throughout Ireland, according to the Irish Funds Industry Association. Ireland also boasts the largest European domicile for money market funds, as well as being the largest alternative investment fund and exchange-traded fund administration center in Europe.
“Undoubtedly, this will strengthen Ireland’s attractiveness and standing as a domicile of choice for investment funds,” said Gary Palmer, chief executive of the IFIA. “Economic and market uncertainty has further strengthened investor appreciation for regulated and listed funds, Ireland with an acknowledged regulatory environment is ideally positioned to address this industry need.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…