Total assets of Qualifying Investor Funds grew by 35% during 2010 to €153 billion ($208 billion), according to figures from Central Bank of Ireland.
The figures reveal that the net asset value of QIFs grew by 19% in the past two months alone.
The QIF is a regulated investment fund vehicle which has the characteristics and flexibility of typical hedge fund products while authorised and regulated onshore by the Central Bank of Ireland.
It complies with the majority of the requirements of the Alternative Investment Fund Managers Directive and can be authorised by the central bank within 24 hours of receipt of completed documentation.
This news that the QIF is becoming an ever popular choice follows revelations that the net asset value