Afores will be able to invest up to 30% in alternative products. Greater investment in national projects such as energy and infrastructure will be encouraged.
Alternatives managers reactivate after Central Bank ups limits
May 10, 2020 by
Distressed debt and turnaround private-equity are expected to benefit from the boost in quotas on alternatives.
ACAFI welcomes new alternatives regulations, but still sees pending issues
January 4, 2018 by
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.
CMN Resolution 4.611
December 11, 2017 by
Alters Resolution 3.792, from September 24, 2009, which set rules on the allocation of assets of plans administered by Brazilian closed pension funds.
CCR delists commodities products in response to new alternative-investment regime
November 21, 2017 by
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."
Chilean market approves of investment limits on alternatives
November 8, 2017 by
The more aggressive multifunds will eventually be able to allocate up to 15% of their assets to alternatives; however, initially the Central Bank is allowing a maximum of 10% in the type A fund.
Expert views sovereign-wealth model as viable for managing additional pension flows
October 22, 2017 by
Scholar Eduardo Walker, member of the Pension Funds Technical Investment Council, admitted that fees paid to third-party managers are not at all high when considering rebates.
Central Bank boosts international limit for Peruvian AFPs
July 17, 2017 by
The increase will encourage AFPs to continue to diversify their investments abroad just as they approached the previous limit of 44%.
Peruvian pension-fund cross-border limit raised from 40% to 42%
September 19, 2014 by
The increase would be made in four installments through January 2015. According to Latin Asset Management estimates, the increase translates directly to an additional USD 195 million in potential cross-border flows per month.
