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.

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M&G and Picton sign distribution agreement for Chile and Peru

"Picton continues to expand its footprint in Latin America through a partnership with a world-class active asset management firm," said founding partner Matias Eguiguren.

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Pension withdrawals: Andean AFPs still hold lion’s share of most managers’ Latin AUMs

Matías Eguiguren, a partner at Picton, recognized the damage done to pension fund positions since the outbreak of COVID-19.

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Picton takes over institutional distribution duties for Federated Hermes

Picton will focus on positioning Federated Hermes’ investment capabilities and services in the Latin American pension sector and with other institutions.

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Managers project 20% fall in allocations from Peruvian AFPs

A law allowing withdrawal of 25% of pension savings is having a serious impact on AFP portfolios.

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Picton closes the year with a recognition and regional presence

Picton has signed mandates with firms like KKR, TPG, Ares, American Securities, Hamilton Lane, EQT, Permira and Apollo, among others.

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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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Leak: Chilean AFPs will be asked to foot up to 5% of third-party-fund fees

While an official position was not staked out by the government at Chile Day 2017 in London, on June 29 and 30, talk in the halls of the event suggests that AFP pension managers will no longer be able to pass third-party costs to the pension fund. In response, local distributors voiced their opposition to Fund Pro Latin America.

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Picton head favors direct AFP investment in alternatives

The tax benefits of local feeders still make sense for insurers and family offices, says Matías Eguiguren of Picton Advisors. But allowing the tax-exempt pension funds to invest directly offshore "would give them the opportunity to differentiate themselves."

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Rule changes in Chile could unleash AFP investment boom in private equity

Pension Superintendent Tamara Agnic recognized that significant changes to the AFP investment regimen are under consideration. These modifications could potentially result in higher allocations to alternative asset classes, and direct investment by the AFPs in cross-border private-equity funds and REITs.

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