Engineers pension fund to hike allocation to alternatives

clock •

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

The e200m fund, which currently invests less than 2% of its total assets in alternatives, is looking to hike its allocation, following recent legislation in Iceland that allows pensions funds to in...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Iceland

Iceland

Icelandic pensions scoop 25% of geothermal company HS Orka

ICELAND - A group of Icelandic pension funds will buy a 25% stake in geothermal power company HS Orka for ISK8.06bn ($71.5m) from Magma Energy, the firm said.

Raquel Pichardo-Allison
clock 19 April 2011 •
Iceland

Iceland pension funds to block $2bn debt relief

ICELAND - Iceland's pension funds, which hold the bonds behind most of the country's mortgage debt, will try to block proposals to forgive as much as $2bn in bad loans that the government says it is considering.

Omar R. Valdimarsson at Bloomberg News
clock 15 October 2010 •
Iceland

Goldman Sachs and Morgan Stanley join forces to launch ETF range

IRELAND- Goldman Sachs and Morgan Stanley have partnered to launch a range of ETFs under the name of Source. The range has recently received approval from the Irish Financial Services Regulatory Authority for the listing of 50 ETFs.

Emma Dunkley
clock 23 March 2009 •
Trustpilot