Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Mr. Patrick Long:
Understood. I think there are two reasons. The first is that these firms really dominate or dominated this type of investment at the time, as the other table in the Comptroller and Auditor General's report makes clear. The second is that while these firms are American firms, headquartered in America, but, as I mentioned earlier, with a significant presence in London, the capital which they manage comes from around the world. So the investors in the funds which these groups manage would be from all over the world and would not be confined to America.
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