Barry J Whyte on business

Last week, this newspaper reported on the Capital Group’s quiet sell-down of a range of Irish-listed companies’ shares over the last year. The giant, trillion-dollar Los Angeles-based mutual fund continued that trend last week with the sale of a chunk of shares in yet another company, Hibernia Reit, where it offloaded around €6.7 million worth of their stake.

But the Capital Group is not the only major US investment firm taking its profits ...