| 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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