NPRF keeps close eye on Bank of Ireland AM

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IRELAND - The e11.7bn Irish National Pension Reserve Fund has Bank of Ireland Asset Management under close review, assessing whether to terminate its e400m active pan-European mandate with the troubled manager.

BIAM to date has lost no Irish clients, although it has suffered severe asset outflows in the range of e6-8bn, primarily from US and Australian pension funds over performance and personnel issues. ...

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