Alternatives managers reactivate after Central Bank ups limits

Distressed debt and turnaround private-equity are expected to benefit from the boost in quotas on alternatives.

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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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CMN Resolution 4.611

Alters Resolution 3.792, from September 24, 2009, which set rules on the allocation of assets of plans administered by Brazilian closed 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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Chilean market approves of investment limits on alternatives

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.

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Expert views sovereign-wealth model as viable for managing additional pension flows

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.

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Central Bank boosts international limit for Peruvian AFPs

The increase will encourage AFPs to continue to diversify their investments abroad just as they approached the previous limit of 44%.

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Peruvian pension-fund cross-border limit raised from 40% to 42%

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.

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