Sometimes outperforming your benchmark just isn’t enough.
The National Pensions Reserve Fund (NPRF)n ever overplayed its track record in consistently beating its targets when managing the pension pot of more than €20 billion entrusted to it by the government. Now, however, it may be too late to trumpet its past achievements.
The deterioration in the government’s finances has meant the fund - established nine years ago to ease the burden of the...
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