Irish structured products fund doubles assets, targets UK institutional investors

Ballybunion Insignia Defined Returns Fund has seen its net asset value (NAV) almost double, less than 18 months after it was launched. The Irish domiciled fund, which primarily invests in euro-denominated autocalls to achieve its target return of seven to nine percent per annum, registered a NAV of €15.9m at the end of June. However, inflows haven’t stopped since, and there has been a good bit of momentum behind the subscriptions now, according to Peter Murphy ( pictured ), managing