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Irish Pension Fund Reappoints NTMA
Ireland’s National Pension Reserve Fund (NPRF) has reappointed the National Treasury Management Agency as manager.
Ireland’sNational Pension Reserve Fund(NPRF) has reappointed theNational Treasury Management Agency(NTMA) as manager,IPEreports. NTMA has been awarded a contract from April 2, 2011 until April 1, 2015.
The agency’s previous 10-year mandate ended in early April. As at the end of last year, €9.5 billion of NPRF assets had been used to recapitalize Irish banks, with an extra €10 billion committed to the bailout agreement between the European Union andInternational Monetary Fund.
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