What many people may not be aware of is that a disproportionate amount of the Financial Services based out of the Ireland in general, and the IFSC in particular, are based either directly or indirectly (auditing, etc) around these Hedge Funds.
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And much like the dot com boom many "start up" hedge funds have starting springing up in Ireland, created by people who would have gained their initial experience within big multinational financial services companies based here. This industry is currently seeing talent being spread very thinly and average performers looking for extortionate wages. A great industry to have when things are going well.