Irelands National Pension Reserve Fund, Dublin, with 8 billion euros ($6.3 billion) in assets, hired Capital International and Dresdner RCM Global Investors to manage 420 million euros each in global equities. The plan also hired Bank of Ireland Asset Management, BlackRock International and Putnam to run 350 million euros each in Pan-European equities, according to a news release.
Trustees plan to announce appointments for seven specialist equity mandates in the next few weeks, said a source close to the discussions. So far, 75% of the funds assets have been allocated to money managers; managers for passive mandates were appointed in January.
Separately, ABN AMRO Mellon was named global custodian, and Morgan Stanley International was hired for transition management.