Aviation pension fund dumps property and stocks for cash
The troubled Irish aviation pension fund has sold off huge amounts of property and equity assets in recent months, The Sunday Business Post has learned.
The troubled Irish aviation pension fund has sold off huge amounts of property and equity assets in recent months, *The Sunday Business Post* has learned.
The fund has assets of €1.4 billion, but a funding deficit of more than €700 million. It is now believed to consist of about 80 per cent cash held in an Irish bank account, with the remainder made up largely of low-yielding German and French sovereign bonds.
Last March, the Irish...
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