The Irish National Pension Fund Reserve says it liquidated €10B so far in 2011 in order to...

|By:, SA News Editor

The Irish National Pension Fund Reserve says it liquidated €10B so far in 2011 in order to contribute to the EU/IMF bailout of the banking system.  The total fund size now stands at €20.8B, with 1/2 of that in shares of Bank of Ireland (IRE) and AIB. The fund's value has fallen 25% YTD due to those bank investments.