Icelandic fund spies private equity, foreign bonds

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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.

The $2.2bn (e1.8bn) pension fund has been examining the asset classes over the past two years and has a long-term plan to allocate 5% to foreign bonds and around 3-5% to private equity. The fund...

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