Chilean regulator sets comment period for rules banning hedge funds from AFP portfolios

Amid concern from foreign distributors and managers, the Pensions Superintendency published a draft resolution on January 8 aimed at clarifying what types of hedge funds can be purchased by Chilean AFPs.

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Chilean AFPs couldn’t get enough Asian equity in November

The pension fund managers allocated USD 1.4 billion into Asia equity in November. Funds from Investec, UBS, Allianz, and NN gained as other regions rose as well. iShares increased the Chilean AUMs it manages to USD 8.3 billion.

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ACAFI welcomes new alternatives regulations, but still sees pending issues

ACAFI chief Luis Alberto Letelier said attractive products and the hard work of local managers - not capital repatriation - have been the major driver for growth of the closed-end fund business in Chile.

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CCR Monthly Approval Report – December 2017

Products from HSBC, Lyxor, Aberdeen and others won approval, as did the first alternatives products from Carlyle Group, Oaktree Capital and Intermediate Capital Group.

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Alternatives registration already underway in Chile

Managers that already have investments via feeder funds can submit their approval directly, while new firms will have to gain sponsorship from an AFP.

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BCI boosts US presence with USD 528 million purchase of TotalBank

BCI owns City National Bank of Florida and had been in talks with TotalBank’s former owner Banco Popular before it was acquired by Santander, which is commandeered by Jose Antonio Alvarez.

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New alternatives regulations free up AFP cash

Two of Chile's most experienced executives in the alternatives industry - Matias Eguiguren and Ricardo Morales - explained how the new investment regimen streamlines the handling of committed capital.

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Chilean AFPs turn conservative in October, pour USD 958 million into money-market funds

Total Chilean AFP investments in mutual funds and ETFs rose USD 1.7 billion to reach USD 74.9 billion in October.

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Allianz quenches AFPs’ thirst for foreign equities

Allianz, which distributes its products through Credicorp Capital in Santiago, had a great third quarter, with its Euroland Equity Growth attracting USD 430 million from Chilean pension funds.

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CCR delists commodities products in response to new alternative-investment regime

The risk-rating agency responded to new rules put in place by the Pension authority, whose superintendent. Osvaldo Macías, said: "Investment in commodities will not be allowed at this stage by any modality, or investment in hedge funds."

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