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Almenni-Lífsverk lífeyrissjóður
Almenni Pension Fund was established in 1965 to provide retirement coverage for select Icelandic professions. It operates mandatory occupational plans plus...
Almenni-Lífsverk lífeyrissjóður
Almenni Pension Fund was established in 1965 to provide retirement coverage for select Icelandic professions. It operates mandatory occupational plans plus supplementary premium options for individuals. The fund allocates across residential mortgages issued directly to members, equity stakes in Icelandic listed companies, and indirect real estate exposure via Reitir. Confirmed holdings include positions in Brim hf., Icelandair Group hf., and Hagar hf. It also participates as a limited partner in Framtakssjóður Íslands and HS Orka hf. through Jarðvarmi slhf. Geographic focus remains Iceland with additional commitments to global clean energy initiatives. Assets total 3564 million USD. The firm maintains a custodian relationship with Arion banki hf. and uses Ernst & Young Iceland as auditor since 2020. April 2024: Held its Annual General Meeting at Hilton Nordica in Reykjavik to review accounts, strategy and merger proposals. Almenni maintains signatory status with the UN Principles for Responsible Investment since 2010 and belongs to the Icelandic Pension Funds Association. A planned merger with Lífsverk Pension Fund is scheduled for January 2026.
General information
Firm type
Pension Fund
Year founded
1965
Location
Region
Europe
Country
Iceland
City
Reykjavik
Principals
Gunnar Baldvinsson
CEO / Managing Director
Sigríður Magnúsdóttir
Chairwoman of the Board of Directors
Kristjana Sigurðardóttir
Investment Manager
Sector focus
Frequently asked questions
Who runs investment decisions at Almenni Pension Fund?
Gunnar Baldvinsson serves as CEO and Managing Director. Kristjana Sigurðardóttir holds the Investment Manager title. Sigríður Magnúsdóttir chairs the board.
Does Almenni Pension Fund participate in fund commitments or only direct deals?
The fund acts as limited partner in Framtakssjóður Íslands and holds an interest in HS Orka hf. through Jarðvarmi slhf. It also owns listed equities and issues direct residential mortgages.
What asset classes does Almenni Pension Fund hold?
Holdings include direct residential mortgages valued at 65 million USD, equity positions in Nasdaq Iceland companies, and minority ownership in Reitir commercial real estate. A 300 million USD commitment targets clean energy projects.
Where does Almenni Pension Fund source its capital?
Capital arrives through mandatory occupational contributions from covered professions and voluntary supplementary premiums paid by individuals.
How is Almenni Pension Fund related to Lífsverk Pension Fund?
The two entities are merger partners. The combination is scheduled to form Almenni-Lífsverk effective January 1, 2026.
What geographic regions does Almenni Pension Fund cover?
Core operations and most holdings sit in Iceland. The fund also maintains a commitment to global clean energy projects via the Climate Investment Coalition.
Which professional networks does Almenni Pension Fund belong to?
The fund is a signatory to the UN Principles for Responsible Investment since 2010 and a member of the Icelandic Pension Funds Association.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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