Ian Guider: A new strategy for the state’s investment fund

Ian Guider: A new strategy for the state’s investment fund
Minister for Finance and Public Expenditure, Paschal Donohoe

Donohoe has said that the Irish Strategic Investment Fund is to be reassessed. What’s next for this curious beast?

The Irish Strategic Investment Fund (ISIF) has always been a curious beast. Is it a sovereign wealth fund, using its cash to buy assets to be held for the long-term as was envisaged when its forerunner, the pension reserve fund, was set up by Charlie McCreevy? Or should it be used to grease the wheels of the economy by ploughing its resources to help create jobs?

The ISIF committed €2.6 billion to the Irish economy...

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