New figures show Irish funds industry shrinks to $5.1tn

Monterey Insight, the independent fund research company also reported that the value of funds managed directly in Ireland dropped by 12.1 per cent

PwC had the largest share of the market among auditing firms in Ireland, providing services to more than 2,400 funds with $1.2 trillion-worth of assets. Picture: Jack Taylor/Getty

The total value of the Irish funds industry shrank to $5.1 trillion in 2022, as the value of funds managed directly here fell by 12.1 per cent, new data shows.

The figures were compiled by Monterey Insight, an independent fund research company which measures the value of funds domiciled in Ireland as well as foreign-domiciled funds administered in Ireland.

The value of assets managed by funds domiciled in Ireland fell from $4.24 trillion in 2021 ...