National Pensions Fund at €24.4bn

THE National Pensions Reserve Fund, now being part used in the bank bailout, stood at €24.4 billion at the end of December 2010.

It is split in two, with the €14.9bn currently under the discretion of the agency. That excludes investments in AIB and Bank of Ireland, which are covered by a directed portfolio worth €9.5bn.

The €14.9bn part of the fund earned a return of 11.1% due to a strong performance on equity markets, with emerging markets performing especially well, the agency said.