Ireland’s National Pension Reserve Fund (NPRF) has reappointed the National Treasury Management Agency (NTMA) as manager, IPE reports. NTMA has been awarded a contract from April 2, 2011 until April 1, 2015. The agency’s previous 10-year mandate ended in early April. As at the end of last year, €9.5 billion of NPRF assets had been used to recapitalize Irish banks, with an extra €10 billion committed to the bailout agreement between the European Union and International Monetary Fund.
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