Ireland’s Strategic Investment Fund (ISIF) disclosed that approximately €19,137 in public funds was used to send five delegates to a property conference in Cannes, France, over the last two years. The information was recently revealed following inquiries regarding the fund’s expenditures. The ISIF, a sovereign development fund, invests on behalf of the Irish State. Details released do not specify the nature of the conference or the specific benefits derived from the trips. The expenditure has prompted scrutiny regarding the value for money of such international travel for government-affiliated funds. No further details regarding travel expenses, such as flights or accommodation, were immediately available.