The Central Bank of Ireland’s ICAV register is a very useful tool for monitoring both fund directorships and fund manager relationships held by Irish non-executive directors.

It reveals that some Irish fund directors have an astonishingly large number of manager relationships. Some appear to have more manager relationships than in any other fund jurisdiction, including Cayman. 10 Irish independent directors, with the largest number of funds, have 312 different relationships with asset managers.

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There has been more of a focus on the ‘E’ and ‘S’ in ESG investing. But investors are now interested in the ‘G’ too. The NED is consulting on governance ratings for managers and conceivably for fund boards according to agreed ESG criteria.

According to Pascal Blanque, Chief Investment Officer at Amundi Asset Management, there is now $30 trillion of assets invested in ESG mandates. He says that ESG assets have grown by 34% over the last two years.

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