National pension fund liquidates €10bn of assets

The National Pensions Reserve Fund has liquidated €10bn of assets during the first half of 2011, it was confirmed today.

National pension fund liquidates €10bn of assets
Wed, 27 Jul, 2011 - 16:37

The National Pensions Reserve Fund has liquidated €10bn of assets during the first half of 2011, it was confirmed today.

The move comes in response to directions from Minister for Finance Michael Noonan to fund part of the State’s €17.5bn contribution to the EU/IMF Programme of Financial Support for Ireland.

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