Irish reserve fund seeks alternatives

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IRELAND - Ireland's National Treasury Management Agency (NTMA) has completed the mainstream manager selection process for its EUR8bn National Pensions Reserve Fund but is now investigating the possibility of investing in hedge funds, real estate and private equity. The fund has now appointed managers to 16 mandates with Irish Life Investment Management and Bank of Ireland Asset Management being the only two domestic players.

The most recent raft of appointments saw seven managers awarded active mandates. They were: Lord, Abbett & Co for North American value equities (EUR410m); Goldman Sachs Asset Management Internation...

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