NAMA Operations

Dáil Éireann Debate, Wednesday - 17 September 2014

Wednesday, 17 September 2014

Questions (261)

Stephen Donnelly

Question:

261. Deputy Stephen S. Donnelly asked the Minister for Finance the steps that have been taken by his Department or the National Asset Management Agency regarding target rates of returns on investment sought and obtained by asset management companies (details supplied) and other organisations which invested significant sums in Irish financial and property assets to ensure adequate returns on investment; and if he will make a statement on the matter. [34242/14]

Written answers

Minister for Finance

NAMA engages actively with a broad array of investors as part of its market activity. These investors are not homogeneous in their objectives and targets; they range from investors with relatively short-term investment horizons and high rate of return targets to investors with long-term horizons and requirements for steady, less volatile, returns. Their asset preferences will also vary by reference to asset classes and regions. Based on prices achieved and the level of competition evident, NAMA is satisfied that the diversity of the asset and loan portfolios which it has offered to the market over the past two years has been well aligned with the broad range of investor requirements.