Sell Irish assets, London investment advisory firm says

Independent Strategy is a Chelsea-based firm headed by a former senior JP Morgan adviser

13th March, 2016
The report was written before figures last week showed the Irish economy expanded by 7.8 per cent in 2015, the highest rate of growth since 2000

A London investment advisory firm has told its clients to sell Irish government bonds and bank shares in the wake of the inconclusive general election result.

Independent Strategy, a Chelsea-based firm headed by former senior JP Morgan adviser David Roche, wrote in a research note in the days following the election that the firm was “liquidating our long positions in Irish financial assets”. This is one of the gloomiest prognoses on Ireland to emerge since...

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