News

Dillon Eustace, has again been announced as the number one legal adviser to Irish domiciled funds in Ireland, a position the firm has held since the establishment of the Monterey Ireland fund report. These new findings, issued from the 23rd edition of Monterey Insight Ireland Fund report, the independent fund research company, reveal that Dillon Eustace advised over 1,103 Irish domiciled funds as of the 30th June 2017 - an increase of nearly 6.5% compared to last year's figures. These results highlight Dillon Eustace's continuing strong involvement and support of the Irish funds industry, which has again shown strong growth in 2017. In addition to this top spot for Irish domiciled funds, Dillon Eustace also ranks as the leading law firm to sponsor-managers of Irish domiciled funds, advising 118 of these firms. The Firm's Investment Funds team advises across all product fund types from traditional UCITS, ETFs, money market funds and alternative UCITS, to the full spectrum of Alternative Investment Funds (AIFs) such as hedge, funds of funds, real estate, infrastructure, loan and private equity funds. Commenting on the Monterey report, Andrew Bates, Partner and Head of Financial Services, Dillon Eustace commented: "We are proud to be recognised once again as the leading Irish legal adviser to Irish domiciled investment funds, as well as the leading Irish legal adviser to sponsor-managers of Irish domiciled investment funds; a position we have enjoyed each year since the commencement of Monterey's Irish fund surveys. This is testament to our team's hard work and commitment and to the trust and confidence of our clients." The Firm has been expanding its capabilities in Dublin over the past year, and recently announced the appointment of three new partners in its market leading Asset management and Investment funds team. These were Partners Shane Geraghty and Emmet Quish in Dublin and David Walsh in New York. Fund assets serviced in Ireland rose by 21.4% reaching US$3,293.5bn at the end of June 2017 up from US$2,713.4bn. The total number of sub-funds reached 8,491 (an increase from the 7,969 of the previous year) of which 4,921 are domiciled in Ireland with a total market size of US$2,496.8bn. The number of Irish domiciled funds has grown by 6.1% since 2016 when the total of funds was 4,637.