NPRF to invest billions in Ireland
The National Pension Reserve Fund is poised to liquidate more than €6 billion of assets in its discretionary investment portfolio and reinvest the money in Ireland.
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!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine