AMP Capital to manage new Irish infrastructure fund

The Republic of Ireland is selling off national infrastructure assets to help reduce its debt mountain. Charged with the duty of managing the investments for the new Irish Infrastructure Fund is a familiar name to Asian and Australian investors, AMP Capital. The new open-ended fund has a target of €1 billion with estimated annual returns of 13%, and Ireland’s National Pensions Reserve Fund has already committed to invest €250 million “The new fund is evidence of increased alloca…