Corporate governance of funds under spotlight in Ireland

Reuters – Ireland’s central bank will examine corporate governance and outsourcing in the investment funds industry this year, putting the world’s biggest centre for hedge fund administration under a spotlight.

Ireland has built itself up as a major international funds hub with some €2.5 trillion ($3.4 trillion) in assets administered in the country, more than double the level of 2009 and around 15 times the country’s annual economic output.

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