Doing business with the hound of hell

As the controversy around Nama’s Project Eagle refuses to die, the buyer of that loan book is concentrating on building up an even bigger stake in Ireland.

You don’t name yourself after the three-headed dog that guards hell if you want a reputation as nice guys. But Cerberus, the US vulture fund that has spent billions acquiring toxic property debts in Ireland, doesn’t care about being seen as tough and uncompromising. When you ...