Ireland opens doors to hedge funds

Article reports that the Irish government will pass legislation to make it easier for hedge funds based in the Cayman Islands and other tax havens to move to Dublin.

Brian Lenihan, the Irish Finance Minister, has identified the importance of the industry for the Irish economy, particularly at a time of high unemployment and with the public finances under strain.

ESO: Background information: Proposal re Directive alternative investment fund managers http://www.europeansources.info/record/proposal-re-directive-alternative-investment-fund-managers-discussion/

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