Joe Lynam

And in some ways, have you been fortunate in the sense that the current occupant of the White House is very much he's very much concentrated on companies and moving and manufacturing businesses onshore to the US?

He doesn't seem to spend much time talking about funds and financial flow.

So in a way, you haven't been in the news in that sense.

Like, in other words, nobody is saying get US funds out of these markets.

So that in some way has been an asset to you, hasn't it?

That you haven't been anyone hasn't been eyeing you up to move you anywhere, which is helpful.

Now, as we finish up 2025, what does next year look like?

Can we go up another few notches next year in the funds world?

Or is there sort of a period of plateauing ahead?

And that's internal as well, because I do see when I look through, which I am paid to do, look through CSO figures, I do see salary escalation in financial services generally.

And I don't know how much of that is funds, but I mean, certainly there's a lot of pay going through the books that must at least a little bit eat away at your competitiveness.

Well, listen, well done.

It's nice to end the year on a high note.

Not everyone in every sector is in that position.

For the moment, thank you for the update.

Pat Lerner is the Chief Executive of Irish Funds.

And up next, we'll be looking at the cost of pay across the retail sector.

Breakfast Business with Enterprise Ireland on Newstalk.

Breakfast Business with Enterprise Ireland on Newstalk.

Breakfast Business with Enterprise Ireland on Newstalk.