The trustees of the RTE pension fund have liquidated all holdings managed by Goldman Sachs ‘‘as a result of significant underperformance’’, according to the annual report of the superannuation scheme for 2009.
The funds, worth €778 million, are now invested by six managers: BlackRock, Alliance Bernstein, Edinburgh Partners, Irish Life Investment Managers, Wellington and Blackstone.
The report said that the value of investments in RTE’s pension fund rose by almost 8 per...
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