New CEO takes on the challenge of boosting market share.
Tempus focuses on wealth and private bank segments
Offices in Argentina and Uruguay join the operation already established in Chile.
Regulators focus on the special features of alternative assets
Solange Berstein and Osvaldo Macías favored adapting the offering to the liquidity of the underlying asset and preparing managers' teams to work with this asset class.
Fund industry does not see AFP direct investment in alternatives as a threat
AFP Habitat's operation with Grupo Parque Arauco is seen as a way of strengthening the role of this asset class in pension portfolios.
Generational funds could favor alternative assets
The government's proposal on generational funds has gained some consensus in the market and closely aligns with ideas presented by the AFP Association. It also has the potential to unlock greater long-term investment opportunities for pension managers.
Zurich and Vantrust lose their CEOs
Marco Salin and Jorge Valenzuela had a longstanding career in the asset management industry.
AFPs emerge strengthened after enactment of pension reform
Despite the entry of new players, several measures are being considered to increase contributions to the individual accounts of their participants.
Insurance companies and municipal savings banks gear up for the pension business in Peru
The pension reform to be enacted by the Executive allows new players to enter the sector in a bid to promote competition and reduce fees.
Alpine Capital is seeing green shoots in Chile’s alternatives business
Higher limits for pension fund investment in this asset class is one of the key factors for industry optimism. “A more stable economy and policy leads to more investment, especially in alternative assets”, said Daniel Mueller, partner at Alpine Capital.
Bidding process for participants gains broad support from economists
The mechanism is included in the pension reform but there are a range of proposals on what form it should take.