The investment strategy of the National Pension Reserve Fund has been much debated. In the Spring 2013 issue of the Journal of Economic Perspectives, there is an interesting article by Bernstein, Lerner and Schoar here.
The investment strategy of the National Pension Reserve Fund has been much debated. In the Spring 2013 issue of the Journal of Economic Perspectives, there is an interesting article by Bernstein, Lerner and Schoar here.
2 replies on “The Investment Strategies of Sovereign Wealth Funds”
Brian Lenihan, December 2010
Furthermore, the State is in the happy position of being able to contribute €17.5 billion towards the €85 billion from its own resources, including the National Pension Reserve Fund.
http://www.finance.gov.ie/viewdoc.asp?DocID=6602
A well funded and seemingly best practice SWF gone in the blink of an eye.
But don’t forget Frank Galton that Mary (three pensions) Harney has pronounced that the bank guarantee and related nonsense in the period 2008-2010 “bought us time”
Time for what, the man in the street might ask? I’m still fascinated by the desire to “buy time.” Why was “time” so valuable that it was worth bankrupting the country?
Time to do what Mary three pensions ?