Irish National Pensions Reserve Fund gains 2.4% in first quarter
Friday, April 22, 2005 Ireland’s National Pensions Reserve Fund (NPRF) has posted a 2.4% return for the first quarter (9.6% annualized). On March 31, the funds value stood at €12.3bn, a rise of €290m (excluding state contributions) since December 31. Donal Geaney, the fund’s chairman, told the press that growth in the past quarter had been driven by the Fund’s European equity investments. Mr Geaney, former Élan CEO, has pursued a policy of diversification sinceContinue reading