
NPRF appoints Oechsle to run e300m mandate

IRELAND - The e8bn National Pensions Reserve Fund (NPRF) has hired the Boston-based Oechsle International Advisors to manage a e300m pan-European equities brief.
National Treasury Management Agency (NTMA) which administers the NPRF, said that two consultants for European and US property markets had also been appointed, but refused to disclose their names.
Commenting on the appointment of Oechsle, Deborah Reidy, head of investment manager selection at the NTMA, said “The selection was in accordance with the EU directive on public procurement of investment services and so it was a very rigid scoring and interview process and Oechsle came out with the highest scores.”
Reidy added that new managers for bonds and equities were currently being finalised.
Latest stories
LDI indices launched to 'improve governance and transparency'
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
What is the purpose of a pension scheme?
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
BoE's Carney: May rate hike not a done deal
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
We have used 25% lump sum wisely, say four in five freedoms users
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.