The National Pension Reserve Fund (NPRF) is poised to liquidate more than €6 billion of assets in its discretionary investment portfolio and reinvest the money in Ireland, effectively ending its existence as an independent investment vehicle.
The move to unwind the fund's market investments, which earned a 7.3 per cent return last year, was confirmed last week by National Treasury Management Agency chief executive John Corrigan during his appearance before the Oireachtas joint committee on finance.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team