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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Irish pensions reserve fund loses EUR8bln despite positive portfolio return

Posted on 17 January 2012

The National Pensions Reserve Fund (NPRF) has seen its assets under management fall by €8bn over the past year, with its holdings in two troubled Irish banks to blame for the 36% decline in value.
However, despite the negative overall return, the fund’s discretionary portfolio – still controlled by the NPRF Commission, unlike the directed portfolio targeted at recapitalising Bank of Ireland (BoI) and Allied Irish Banks (AIB) – earned a preliminary return of 1.6%, outperforming Irish managed pension funds, according to the fund’s own estimates………………………………………..Full Article: Source


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