Oireachtas Joint and Select Committees
Tuesday, 15 November 2016
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance Bill 2016: Committee Stage (Resumed)
2:00 pm
Eoghan Murphy (Dublin Bay South, Fine Gael)
Link to this: Individually | In context | Oireachtas source
Most property funds, particularly the property funds we are talking about, are operating with investors who are expecting a nearer-term return, rather than holding on to the assets indefinitely and growing the funds for an indefinite period, because they are very highly leveraged. This is what they are trying to do. The purpose of it is to make a nearer-term redemption than what might be a longer-term fund-----