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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Irish SWF to withdraw billions from asset managers

Posted on 25 November 2015

Ireland’s government will take several billion dollars out of the Ireland Strategic Investment Fund, the country’s sovereign wealth fund (SWF), over the next five years to spend on helping boost the Irish economy, the Financial Times reports.
The fund, which has $8.4 bn in investable assets, will withdraw funds from global investment managers but continue to invest with asset managers that have funds focused on Ireland and in other areas it considers will help the Irish economy, the newspaper reports, citing fund director Eugene O’Callaghan………………………………………..Full Article: Source


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