Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Frank Daly:

On the nine who were involved, without naming them, they were very substantial international investment funds with the wherewithal to finance a project such as this if they were interested. The fact that six of them pulled out, leaving PIMCO aside for the moment, is testimony more to the fact that they did not think there was value in the portfolio to them compared to-----