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Bailey McCann, Opalesque New York:

The number of funds choosing Ireland as their domicile of choice for European asset raising is starting to rebound according to Pat Lardner, head of Irish Funds, the umbrella group for the Irish funds industry. He notes in an interview with Opalesque, that while the value of Irish funds have increased consistently since the crisis, new launches were dragging until this year.

"We've seen new formations really start to come back strong in the last 12-15 months," Lardner explains.

"Ireland can support a very broad range of products from money market funds through to alternatives, and that has aided our growth as a domicile," Lardner says. "We have also been able to play a significant role in the growth of new products like ETFs. 1 out of every 2 European ETFs are located here."

According to a recent PwC report, Irish domiciled exchange-traded funds are on pace to double from $250 billion to $500 billion by 2020. That report noted that hedge funds and pensions will be two key growth drivers for ETF adoption over the next five years.

As delegates at the recent Opalesque Ireland Roundtable noted, the Irish funds industry has steadily matured over the years and the country is now the second-largest fund domicile ......................

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