NPRF returns -7.9% from troubled bank investments

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IRELAND - The €24.4bn National Pension Reserve Fund (NPRF) returned -7.9% from its €9.5bn ($12.3bn) investment in Bank of Ireland and Allied Irish Banks (AIB) last year.

The €9.5bn directed portfolio included share investments of €5.3bn (€3.5bn in AIB and €1.8bn in Bank of Ireland) and ordinary shares of €4.1bn (€3.4bn in AIB and €0.7bn in Bank of Ireland). The ...

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