The head of the Ireland Strategic Investment Fund (Isif), Nick Ashmore, is leaving the agency to take up a new role with the International Monetary Fund (IMF) in Washington.

Isif, established 11 years ago as successor to the National Pensions Reserve Fund (NPRF) after the latter was raided during the financial crisis to help with bank bailouts, had €16.6 billion of assets under management at the end of last year.

The agency, which falls under the remit of the National

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