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* Irish Funds Sector SoarsLipper's research shows that Ireland's fund servicing industry has posted its largest asset growth in three years, with 5,646 funds now serviced by the industry in Ireland.
The report also shows that Ireland continues to grow as a fund domicile, with the value of funds having reached US$1.1 trillion by the end of June 2007, up from US$806 billion a year earlier.
Lipper, part of the Reuters group, said that State Street retained the market lead for fund assets under administration, at US$228.8 billion, ahead of BNY Fund Services (US$205.7 billion) and JP Morgan (US$170.6 billion). State Street also topped the list for assets under custody, at US$239.6 billion.
Among Dublin's professional firms, A&L Goodbody offers legal advice to the largest number of funds serviced in Ireland, with 930, ahead of Dillon Eustace (900 funds), Matheson Ormsby Prentice (469), Arthur Cox (410), William Fry (369) and McCann FitzGerald (263).
PricewaterhouseCoopers maintained its lead across all funds audited at the end of June, with 1,931 funds serviced in Ireland. KPMG ranked second, with 1,237 funds, followed by Ernst & Young (979).
Of 342 fund management companies with funds domiciled in Dublin, US fund management companies accounted for the largest proportion with total net assets.