IRELAND - Qualifying Investor Funds (QIFs) increased by 35% to €153bn ($209bn) during 2010, figures from Central Bank of Ireland reveal.
QIF is a regulated investment fund targeted at institutional investors who meet the financial and subscription requirements.
The QIFs already comply with the majority of the Alternative Investment Fund Managers Directive (AIFMD) - the regulatory regime in Ireland, said Irish Funds Industry Association (IFIA).
These figures come after the IFIA announced Irish domiciled funds reached €963bn in net asset value at the end of 2010, up nearly a third from €748bn in 2009 (Global Pensions: 3 February 2011).
IFIA CEO Gary Palmer said: "As the industry, in general, moves towards increased transparency and regulation, Ireland and the Irish QIF - which is AIFMD ready - are in a prime position to offer the solutions to alternative fund managers from across the globe."
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