THIRD PARTY INVESTMENT ADVISOR

In many cases a third party Investment Advisor will be appointed to advise the Investment Manager on potential opportunities. This commonly occurs where the fund invests in alternative assets such as real estate, private equity and hedge funds. While the Central Bank of Ireland does not seek an Investment Advisor to be a regulated entity, their appointment is subject to the Investment Manager retaining full discretionary powers in relation to decisions concerning a fund. The appointment of an Investment Advisor is subject to certain notification requirements set out by the Central Bank of Ireland.

INVESTMENT MANAGEMENT DUTIES

The duties an Investment Manager performs can be outlined as follows:

  • Manage investments in line with objectives and restrictions outlined in the Prospectus
  • Liaise with Investment Advisor on asset acquisitions and disposals, where appropriate
  • Liaise with independent asset valuers
  • Annual filing/audit of fund for the Central Bank of Ireland
  • Report regularly on performance and strategy