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 - avatar

Ian Kehoe

30th August, 2008

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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