EXCLUSIVE: Icelandic funds ponder EUR136m merger

clock

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).

A source close to one of the funds, said that talks were held last week between the four-strong group,which represents a mixture of provincial and corporate funds. Each fund holds similar size asse...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on 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 •

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 •

Iceland turns to pension funds for help

ICELAND - Iceland's government is still struggling to find enough resources to rescue its banking system and has called on the country's local pension funds to repatriate foreign assets.

Steven Dignall
clock 06 October 2008 •
Trustpilot