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Sovereign Wealth Funds Briefing - Categorized | Financials

Ireland sells pension assets to help fund bailout

Posted on 06 May 2011

Ireland sold some investments in its mini-sovereign wealth fund through April to help cover the costs of a bailout deal the country struck last year, its national pension fund said Tuesday.

The National Pension Reserve Fund reported it held only €5.3bn in its so-called discretionary portfolio at the end of April, down from €9.8bn in assets a month earlier, as it liquidated investments to help cover the country’s contribution to its own bailout……………………………………….Full Article: Source


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