Irish National Pension Fund Posted 1.9% Return in Third Quarter

Ireland’s National Pensions Reserve Fund earned a return of 1.9 percent to 24.5 billion euros ($34 billion) in the third quarter.

The fund’s so-called directed investments in the country’s two biggest banks, Allied Irish Banks Plc and Bank of Ireland Plc, delivered a return of minus 2.5 percent, the NPRF in Dublin said in an e-mailed statement today.

The return on the fund’s discretionary portfolio was 3.6 percent. That fund amounted to 17.9 billion euros at the end of September, it said.

To contact the reporter on this story: Joe Brennan in Dublin at jbrennan29@bloomberg.net

To contact the editor responsible for this story: Fergal O’Brien at fobrien@bloomberg.net

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