Saturday July 11, 2020

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.

27th January, 2013

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.

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