16.11.2015 - Irish sovereign wealth fund dumps asset managers
Ireland’s sovereign wealth fund will pull several billion euros from global asset managers over the next five years, as the Irish government tries to use the fund’s assets to bolster its domestic economy. Around €3bn of the sovereign fund’s €7.9bn of investible asset is in global equities, bonds, commodities, infrastructure and absolute return funds run by international asset managers. It will divest from these holdings by 2020 as part of its new mandate to invest in projects and companies with the potential to create jobs in Ireland and boost the country’s economy...............................................Full Article: Source
Print