Irish fund gets €33m from French parent

French firm hedging its bets here - ABC Arbitrage pumps £33m into Irish subsidiary (AP Photo/Binta)

John Mulligan

French hedge fund operator ABC Arbitrage has injected over €30m into an Irish subsidiary it established last year to help circumvent onerous financial regulation in France.

The unit, Quartys, has received €33m since November, according to filings with the Companies Office. The latest filings show that ABC Arbitrage pumped €5m into the Irish business in March, and €20m in February.