Exclusive: LSR to seek managers for equities

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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.

Currently, the fund has 20% allocation in the asset class, but is aiming to increase this to 40% by 2006, explains chief information officer Alfred Jonnson. Fund assets are also expected to double ...

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