Funds: Bernanke comments wiped 10% off Irish-based holdings

Investment funds domiciled in Ireland saw nearly 10 per cent of their value wiped out at the end of the second quarter on the back of comments by the US Federal Reserve chairman Ben Bernanke, according to a Central Bank report last week.

Irish-based funds saw their value drop by €25.9 billion by the end of June after Bernanke told Congress on May 22 that he was considering tapering the Fed's $85 billion-a-month ...