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Fionan Breathnach Joins as Partner

02 October 2003

NEW YORK and DUBLIN, October 1, 2003 -- As the hedge fund industry expands globally, Mason Hayes & Curran has established an investment funds practice and welcomes Mr. Fionan Breathnach to head the group.

Based in Dublin, Ireland, Mason Hayes & Curran is a leading corporate law firm that is represented in New York City. The firm specializes in cross-border transactions.

"The global growth of hedge funds, the emergence of retail funds of hedge funds in Ireland and the expansion of the Undertakings for the Collective Investment in Transferable Securities (UCITS) regime are reasons our clients require legal advisors well-versed in the latest investment funds developments and law," said Declan Moylan, Managing Partner of Mason Hayes & Curran. "We are pleased to have Fionan Breathnach to join us as head of this important new group."

Mr. Breathnach advises fund promoters on structuring, establishing and listing investment funds in Ireland and also advises fund administrators, custodians, investment managers and other related service providers on the establishment of operations in Ireland and on their ongoing business.

He is a regular contributor to financial journals and has been closely involved in reviewing and commenting on new policy and regulation in the area of investment funds. In particular, he has been involved in the development of the hedge funds industry in Ireland and has advised fund promoters and service providers on Ireland's evolving regulation in this area.

Mr. Breathnach's experience also includes advising international and domestic institutions on insurance and investment intermediaries regulations, anti-money laundering and brokerage, prime brokerage and derivative transactions.

"Recent industry developments make this an exciting and opportune time for Mason Hayes & Curran to launch its dedicated practice unit in this area, and I greatly look forward to offering investment funds expertise to existing and new clients of the firm," Mr. Breathnach said.

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