The Hungarian government is planning to purchase $15.2 billion in assets managed by private pension funds, said pension lobby group Stabilitas Penztarszovetseg, Bloomberg reports. As of March 31, 2011, the funds handled $17.49 billion, out of which the government may get $15.49 billion.

The funds are required to transfer the assets to the state by June 12, 2011. At the end of March 2011, the assets under management included $8.45 billion in Hungarian government debt, $6.002 billion in investment funds and $1.89 billion in shares.

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