Asset Management and Investment Funds

The Practice

Arthur Cox’s Asset Management and Investment Funds Group is a market leader, advising on all aspects of investment management issues and the establishment and ongoing operation of investment funds in Ireland. Established in 1990, the Group consists of a very experienced team that is “well resourced and thorough” and a “standard bearer for excellence”. The Group continues to demonstrate its in depth understanding of all types of investment funds, including UCITS, QIAIFs, REITs, hedge funds, private equity funds, loan funds and real estate funds. The Group’s reputation for expertise and innovation is endorsed by an impressive client list which consists of many leading international financial institutions, investment banks and asset management companies.

The Asset Management and Investment Funds Group is an integral part of our Finance Department. The Finance Department at Arthur Cox is the largest of its kind in Ireland and is constantly at the forefront of developments in finance law and practice which practice also includes banking and other lending transactions, debt capital markets/structured finance and financial regulation.

The Asset Management and Investment Funds Group advises on a range of legal and regulatory issues, including:

  • Establishing all kinds of investment funds and advising on fund structures
  • Drafting fund documentation
  • Advising on day-to-day legal, operational, administration and company secretarial issues relating to funds
  • Liaising with the Central Bank and the Irish Stock Exchange
  • Advising on derivative products and prime brokerage arrangements for funds and prime brokers
  • Advising investment managers
  • Advising fund administrators and custodians
  • Co-ordinating with foreign counsel in relation to the registration of funds outside of Ireland
  • Dispute resolution in relation to funds
  • Advising broker dealers and investment managers
  • Advising on cross border financial services within the European Union
  • Advising on anti-money laundering issues
  • Advising on compliance procedures and corporate governance
  • Advising on investor compensation issues
  • Listing services for investment funds


The Group has consistently worked with its clients over the years to develop innovative solutions to their product ranges and other requirements.  Amongst the transactions in which the Group has been involved which are firsts of their kind are the following:

  • Obtaining approval from the Central Bank for the establishment of side pockets in a QIF
  • Obtaining clearance from Central Bank to allow UCITS to invest in bank loans
  • Obtaining approval from the Central Bank for pooling of collective investment scheme assets
  • Arranging the first redomiciliation of a Cayman fund to Ireland
  • Establishing the first exchange-traded fund in Ireland
  • Establishing the first REIT property fund
  • Establishing the first money market fund as a UCITS
  • Obtaining authorisation for the first multi-manager UCITS fund
  • Obtaining authorisation to establish the first UCITS fund using a Mauritian subsidiary company to invest in India

Regulatory Developments

The Group closely monitors developments emerging from the European Commission and various industry bodies.  The partners in the Group are particularly active members of the various industry groups charged with monitoring such activities such as the legislative sub-group of An Taoiseach’s (the Prime Minister’s) IFSC Funds Working Group and the Legal & Regulatory and AIF Regulation and AIFMD Reform Working Groups of the Irish Funds Industry Association.  The partners in the Group also speak regularly at investment fund conferences.


“Great knowledge base, reputed firm, provides quick assistance in queries.”
IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2018

“The team at Arthur Cox offers good legal advice, practical industry colour, and is cost-effective. No weaknesses come to mind.”
IFLR 1000: The Guide to the World’s Leading Financial Law Firms, 2018

One client describes the “real sense that Arthur Cox is a top-tier firm due to its huge depth and experience,” adding that the firm “always has vast teams to deal with issues and always has best-in-class advice available.”
Chambers Europe: Europe’s Leading Lawyers for Business, 2017

Another interviewee praises the firm’s “high-quality legal advice,” adding: “They are fully engaged in all our requirements and they go out of their way to satisfy us.”
Chambers Europe: Europe’s Leading Lawyers for Business, 2017

Sources appreciate the fact that the department is “well connected with the CBI and Irish Funds,” and also praises its “very good turnaround times.”
Chambers Europe: Europe’s Leading Lawyers for Business, 2017