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.
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