A FINANCIAL guru has predicted that vulture funds are likely to flock off out of Ireland after reaching their exposure here.
Personal insolvency expert Derek Scanlon, of The Debt Clinic in Longford, believes the private equity companies have reached their level of investment in this country as prices continue to soar.
Vulture funds have snapped up thousands of home, farm and business loans since the downturn struck.
Mr Scanlon told the Irish Sun: Largely, theyre mostly finished here. Maybe theyve reached their exposure.
Typically the way those loan purchasing companies work is theyll start at maximum exposure that theyll have to a specific market place and after they reach their tolerance of that …
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