This would be a good time for Ireland to reform its two-director residency rule. Ideally it should do this before its new LP law comes in. The CBI’s ICAV register shows director capacity can be a problem in Ireland; the arrival of many PE funds will make that worse. Irish residency rules make no sense in the Zoom era anyway.

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There is real danger of a market crisis this autumn in spite of the recent surge in equities. How well prepared are fund boards for something calamitous occurring in the months ahead?

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