Iceland Funds ltd. is the first and one of the largest Icelandic fund management company, established in 1994. It is a wholly owned subsidiary of Íslandsbanki and is supervised by the Icelandic Financial Supervisory Authority (FME). The company provides investments offering for individuals, companies, municipalities, pension funds and other institutional investors.
Iceland Funds operates 22 UCITS and non-UCITS investment funds including bond funds, equity funds and balanced tactical asset allocation funds in addition to alternative investment funds. The company has around ISK 350 billion in assets under management. Furthermore, Iceland Funds offers asset management services and investment advisory to institutional investors.
Iceland Funds Ltd. is a financial undertaking licensed to operate as a UCITS and investment fund management company in accordance with Article 27 of Act No. 161/2002 on Financial Undertakings and cf. Part B of Chapter II of Act No. 128/2011 on Undertakings for Collective Investments in Transferable Securities (UCITS), Investment Funds and Professional Investment Funds. Additionally, the company is licensed to operate asset management services, investment advisory and to manage financial instruments for collective investments, cf. Art. 27, Paragraph 1, Items 1-3 of Act No. 161/2002.
The company employs 21 investment professionals with extensive experience in fund management and financial markets. The managing director of Iceland Funds is Kjartan Smári Höskuldsson and the Chairman of the Board is Sylvia Kristin Olafsdottir. All board members are independent.