Growing roles for investment advisers in the Irish ILP launch space
Waystone’s Executive Director, Vanora Madigan, was recently featured in a Private Equity Wire article where she provided insight into the growing role for investment advisors in the ILP fund launch space and shared Waystone’s experience with what Central Bank focuses on when approving these funds. As Vanora states, “We’re very comfortable in being able to provide this service to other investment advisers. When considering such a fund for launch, the central bank not only looks at the investment adviser itself but it will also focus on the AIFM. So, although the investment adviser is responsible for the selection of assets, the AIFM needs to retain complete control to proceed with those investments and investment recommendations.”
When discussing how the ILP structure is a good fit for ESG, Vanora also highlighted the importance of ESG data in the equation, stating “It’s one thing to have the documents stating what a fund is doing in terms of sustainability, but making sure you can show and monitor these investments is critical. This is part of our role; monitoring and confirming that those funds are indeed compliant with those designations.”
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