Lífeyrissjóður Starfsmanna Ríkisins (LSR) -- the Icelandic pension fund for state employees and nurses --plans to boost its overseas exposure as capital controls introduced in the wake of Iceland's 2008 banking crisis finally ease, writes investment media top1000funds.com.
The EUR 6.68bn pension fund currently has 30 percent of its investments abroad of which the bulk is in listed equities, the investment media writes. The plan is to boost this figure to 50 percent in the long-term, and to increase allocation towards illiquid asset classes, such as private equity, credit and real estate.
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