BIAM loses its mandate to manage €400m NTMA fund

Bank of Ireland Asset Management (BIAM) has lost its mandate to actively manage a €400 million equity fund for the National Treasury Management Agency (NTMA).

16th April, 2005

Bank of Ireland Asset Management (BIAM) has lost its mandate to actively manage a €400 million equity fund for the National Treasury Management Agency (NTMA).

The NTMA has confirmed that BIAM has been dropped as an active fund manager from its list of 17 fund managers and that the transfer would be completed early this week. The €400million fund is part of the National Pension Reserve Fund.

A spokesman for the agency said that the...

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