Iceland

ICELAND - Icelandic pension funds continued their strong performance as they grew 213bn to nearly ISK1.2trn (e13.6bn) in 2005.

ICELAND - The e250m Co-operative pension fund is in the process of searching for one to two hedge fund managers in line with its plans to allocate 3% of its total assets to the alternative asset class.

ICELAND - The Lifeyrissjodur Verkfraedinga, the engineers pension fund, is planning to revise its asset allocation structure to include an increased allocation to alternatives.

ICELAND - The Co-operative Pension Fund is set to invest 3% of its total assets in hedge funds.

ICELAND - The pension fund for state employees (LSR), the largest pension fund in Iceland, has made its first foray into private equity and is now weighing investments in hedge funds and foreign bonds.

ICELAND/US - State Street has been appointed to its first custody mandate in Iceland.

ICELAND - The massive US$1.3bn (EUR1.3bn) Icelandic Public Employees Pension Fund (LSR) the country's largest, is looking to raise its overseas equities allocation to 40% by 2006, in a move that should lead to a raft of new mandates.

ICELAND - The Institute of Economic Studies at the University of Iceland and the research network of the International Network of Pension Regulators and Supervisors (INPRS) have announced two half-day workshops in Reykjavik, Iceland.

ICELAND - An icelandic pension fund is looking to review its overseas equities portfolio.

ICELAND - Four Icelandic pension funds are considering pooling their assets, in a move that could lead to the retendering of about Ikr1.2bn (approximately EUR136m).