Matheson has been ranked as having Ireland's number-one funds practice for the third consecutive year. Monterey Insight's 2013 Ireland Fund Survey has revealed that Matheson was acting for 27% of Irish domiciled investment funds by assets under management as at 30 June 2013.
Monterey Insight's influential annual survey revealed that the total value of the funds Matheson represents increased from US$399.78 million to US$435.59 million in just twelve months, in terms of assets under management.
Michael Jackson, head of Matheson's Asset Management and Investment Funds group, said, "This is great news for Matheson and it comes at a time of extraordinary progress for the Irish funds industry. Only last month we saw the Irish funds industry reach an important milestone when Central Bank figures revealed that assets under administration have reached an all-time high of 2.5 trillion. Such remarkable growth cements Ireland's reputation as the leading global alternative investment fund administration centre, servicing 43% of global alternative investment fund assets."
Figures from the Central Bank of Ireland released in November 2013 also showed that during the year prior, the net asset value in Irish-domiciled UCITS had increased by 4% while non-UCITS funds increased in value by 10%.
Liam Collins, a partner in Matheson's Asset Management group, said that Ireland is fast becoming the leading European centre for...