Assets in alternative investment funds domiciled in Dublin have increased to $10.8bn from $3.1bn one year ago, according to investment fund research company Fitzrovia International.
Fitzrovia highlights the attraction of Dublin as a centre for cash funds with fund assets rising by 60% to $117.3 bn from $73.2bn one year ago. Actively managed equity funds remain the largest asset class by number of funds (783), and assets in these funds have increased slightly to $71.6bn.
Meanwhile, total assets for funds domiciled in Dublin rose more than 35% to $289.9bn for the 12 months to 30 June 2002.