Icelandic fund searches for hedge fund managers

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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.

Managing director Margeir Danielsson said KP Bank was advising the fund on the hedge fund investment and managers would be appointed within the next month. Danielsson said no decision had been m...

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