NPRF to invest €600m in new markets
The National Pension Reserve Fund (NPRF) has drafted in three international fund managers to invest €600 million of state funds in emerging markets such as Russia, China and Korea.
Ian Kehoe
The National Pension Reserve Fund (NPRF) has drafted in three international fund managers to invest €600 million of state funds in emerging markets such as Russia, China and Korea.
The NPRF, which manages assets worth €21 billion for the state, plans to invest up to 5 per cent of its entire fund in emerging markets and has awarded mandates to three managers to invest an initial €600 million in this area.
The contracts have been awarded...
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