DUBLIN, Ireland (HedgeWorld.com)–The 10.1 billion euro (US$12.2 billion) Irish National Pension Reserve Fund is considering making its first hedge fund allocation, according to a report in the August issue of Finance Magazine.

Ronan O’Connor, head of risk management and asset allocation at the pension fund, told the magazine that the commission overseeing the fund would meet in September to discuss hedge fund investments. The fund recently began expanding into alternatives, according to the magazine, and now has 4% allocated to real estate and 5% in private equity.

Pension funds in Ireland have been slow to embrace hedge funds; should the National Pension Reserve Fund decide to invest, it would be the first pension fund to do so.

Mr. O’Connor said any hedge fund investment would likely be made through a fund of funds.


Contact Robert F. Keane with questions or comments at: bkeane@investmentadvisor.com.