Ireland’s controversial plans to impose a wealth tax on its super-rich, similar to other European countries such as France and Spain, may yield just €22m (£18.6m, $23.2m), according to a study by the Economic and Social Research Institute (ESRI).
The Central Bank of Ireland has fined Axa Insurance €675,000 (£567,263, $747,860) for failing to ensure that staff members advising on retail products were appropriately supervised.
Kepler Partners has raised $81m for its Kepler Liquid Strategies Ucits platform, giving investors access to its first fund managed by the Roger Ibbotson-led Zebra Capital Management.
The post Brexit arrangements may threaten the free trade approach between countries that has enabled Ireland’s financial industry to prosper, according to the Irish Funds Industry Association.
Baring Asset Management has launched the Baring Dynamic Absolute Return Fund, an Irish authorised open ended investment company (Oeic) with Ucits status.
The Bank of Ireland has launched a new partnership to distribute its range of mortgage products with TenetLime, part of the Tenet Group of independent financial advisers.
A year after it was launched, the Irish Collective Asset Management Vehicle (Icav) has registered 157 new funds and recorded inflows of €8.4bn (£6.6bn, $9.5bn).
Kames Capital is launching a Dublin-domiciled version of the Kames Diversified Growth Fund, in order to bring the strategy to a wider audience.
Schroders has acquired a team of securitised investment specialists from Brookfield Investment Management with $4bn (£2.8bn, €3.5bn) in assets under management.
Ireland’s state-owned insurer, Vhi Group, the country’s largest health insurer, has entered the life insurance market after joining forces with Zurich Insurance.
Irish Funds, which represents the international fund community in Dublin, saw strong growth in the number of new Alternative Investment Funds (AIFs) in 2015 and expects that trend to continue.
UK fund management group Kames Capital has entered the Swedish investment market for the first time with the launch of 10 of its funds.
