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New Rules Allow Investment In Alternative Assets By Pension Funds And Unemployment Funds

Author:Mr Francisco Ugarte and Jorge Ugarte
Profession:Carey
 
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On October 25, 2017, the Chilean Pensions Superintendence ("SP") published the final rules amending the Investment Regimes allowing the investment in alternative assets by the Pension Funds and Unemployment Funds (collectively, the "Funds"), system that came into force on November 1, 2017.

The goal of the reform is to achieve greater diversification of investments, increase the universe of long-term investments and permit direct investment in a greater class of assets, in order to improve the profitability of Funds.

These rules were submitted to two consultation periods (between June 22 and July 21, and between August 22 and 29, 2017), in which comments and feedback were received from 34 market agents, experts and public entities. To learn...

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