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Analysis & Insights

Tax, Legal and Operational Advantages of the ICAV Structure for Hedge Funds

31 Aug 2015

This article was first published in the Hedge Fund Law Report in August 2015.

The Irish Collective Asset-management Vehicles Act (ICAV Act) came into operation on 12 March 2015 and allows for the creation of an innovative, tax-efficient corporate structure for Irish investment funds which sits alongside existing Irish fund structures. There has been widespread industry interest in the Irish collective asset-management vehicle (ICAV), with a number of leading asset managers such as Permal, Deutsche Bank and Legg Mason already having established ICAVs and a host of other asset managers in the process of either converting to or establishing new ICAVs. 

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