Irish Times – “GROUP THERAPY for hedge funds” was how one investment manager with some of the €250 million of subordinated debt at Irish Nationwide described a conference call being held today by a London law firm for disgruntled bondholders.
This was about “self-preservation”, he said, as investors were unlikely to sue a Government over its legislative plans to force losses on them. The London-based manager said his firm’s investment was pocket change in the context of a €50 billion bank bailout, but it was a considerable sum for them.
