IE
Sector: Hedge funds
Job creation bonus as Ireland begins to lure hedge funds
Since laws simplifying the process for redomiciliation came into operation earlier this month, hedge funds are queuing up to come to Ireland. The upshot of this is extra work for support services to the industry, which is likely to create jobs going forward. The Companies (Miscellaneous Provisions) Act 2009, aimed at making it simpler for [...]
Irish fund administrators may soon be moving to New Zealand
If Irish fund administration professionals find the prospect of stunning scenery, a close proximity to the All Blacks and being outnumbered 13 to one by sheep an appealing prospect, good news is on the horizon. New Zealand is making a play to become a bigger player in the sector. The New Zealand government has this [...]
Nearly $250k to work for Goldman Sachs in Ireland?
Goldman Sachs’ Irish operation doesn’t exactly hog the limelight in the same way as its UK and US peers (particularly at the moment), but 2009 was a bumper year for the firm. It also appears to be a very lucrative place to work. Profits at Goldman Sachs Bank (Europe) Plc were $86.7m (€66.7m) in 2009, [...]
Hedge fund admin hit by global crisis
With hedge fund administrator Citco suddenly switching from expansion mode to making around 100 staff redundant, what are their chances of finding another job in this space in the current turbulent market? In February, Citco was saying it planned to create an additional 150 jobs in its Cork hedge fund administration operation over three years. [...]
London’s lure for hedge fund talent
London-based hedge funds are looking to entice Ireland’s administrators across to the UK with the promise of fat pay packets. Over the last 10 years, Ireland has set itself up as a centre for hedge fund administration expertise. But now hedge funds themselves – many of which are based in London’s Mayfair district – are [...]
Thanks for the job, I’ll send you a postcard
Banks in Ireland are struggling to hold on to globe-trotting fund accountants, who often leave after a couple of years to travel the world. It seems that after two years sifting through spreadsheets, fund accountants often decide the job isn’t for them and either switch careers or catch the travel bug. Ireland’s biggest fund administrator, [...]
Hedge fund administrators hunt derivatives expertise
With products such as collateralised debt obligations ever harder to value, Ireland’s hedge fund administrators are crying out for derivatives knowledge. “With minimum investments much higher than those in traditional funds, administrators who work with hedge funds need to be extremely risk-aware; they’re dealing with significant quantities of money,” says Lorraine Shine of recruitment firm [...]
Flooding to Dublin
La Salle Global Fund Services plans to increase its Dublin workforce by 235 in five years. How? Given the tight state of the Dublin labour market, recruiters say foreign workers are likely to play a large part in any expansion plans. “We’ve been very successful in sourcing and attracting candidates from other fund administration centres [...]
The Luxxies are coming to town
A growing number of Luxembourg’s fund specialists are opting to develop their careers in Dublin. Why? At first sight, Dublin doesn’t have much to offer over its Continental European rival. With a massive €1.7 trillion in assets under management, Luxembourg stands head and shoulders above its Irish rival, which managed a ‘mere’ €653bn of assets [...]
Fund companies look further afield
Lower costs and a wider pool of candidates are luring fund management companies outside of the Pale, which is great news for fund accountants hoping to escape the Dublin rat race. Over the last 18 months, a growing number of companies in the funds industry have been choosing regional locations in favour of the International [...]
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