Payouts from Poland for Irish investors

Payouts from Poland for Irish investors View Gallery
AIB’s Polonia funds traded under the Fashion House brand: the Warsaw outlet centre, whichopened in 2006 is the largest in Poland

AIB’s former Polish property investment funds, which traded under the Polonia brand, are in the process of maturing, and a number of Irish investors have received payouts.

Stefan Aumann is principal of Peakside asset managers, which has been managing the investment since 2011. He explained that the firm originated in 2010, when a team at Bank of America Merrill Lynch (BOA) negotiated a spin out.

In effect, the team got a mandate – as a new...

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