A total of 3 products were added in the month from: Nodea, iCon Infrastructure and Sculptor Capital Management.
AGFs prepare for new CMF reporting requirements
The industry association took part in the process led by the CMF to adapt the regulations, which obliges fund managers to adapt their systems and have them operational by December 1, 2025.
Banco de la Republica’s international investment modality still in doubt
The investment regime, including alternative assets, should be operational on July 1 together with start-up of the pension reform.
Bidding for participant stock raises concerns about impact on profitability
Returns for a pensioner could drop by an estimated 12%.
Positiva Seguros joins the list of ACCAI
This move places the Colombian government in direct competition with former AFPs.
Porvenir gets 48.1% of participants in ACCAI selection process
The process showed some correlation with AFPs’ percentage market share before approval of the pension reform.
CCR Monthly Approval Report – February 2025
A total of 13 products were added in the month from 10 different asset managers: Veritas, Credicorp Capital, Global X, Jupiter, RAMS, Bain Capital, Copenhagen Infrastructure Partners, I Squared Capital, One Equity Partners and Revcap.
Strong criticism of the pension reform from some AFPs
The bidding process for 10% of existing participants is one of the issues of most concern to players in this market.
Congress passes reform confirming the individually funded model
With the support of the main political forces, Congress finally passed the pension system reform. The reform raises contributions, confirms the role of AFPs and strengthens social protection.
CCR Monthly Approval Report – January 2025
Sponsors gaining approval were Schroders, Ishares, Invesco, Nomura, Pamlico and Permira.