LONE STAR STATE

What will happen if the US vulture fund gobbles up Nama's loan book? Ian Kehoe reports.

Ian Kehoe - avatar

Ian Kehoe

9th March, 2014
Money man: John Grayken started Lone Star in 1995 and has bought everything from Japanese golf courses to a South Korean bank. Picture: Getty

It was a staggeringly bold statement of intent; one that immediately gripped the minister's attention. At the World Economic Forum in Davos, the annual Swiss gathering of the world's political and business glitterati, a number of executives from the US investment behemoth Lone Star quietly approached Michael Noonan, Ireland's finance minister. They wanted to talk Nama. More specifically, they wanted to talk about buying billions of €worth of Nama's assets and loans in big ticket...

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