Argie Pension Takeover Knocks Local Markets

Argie Pension Takeover Knocks Local Markets

Argentina Funds

Argentina’s government whacked confidence it its local markets by nationalizing the country’s 10 private pension funds, giving it control of about $29bn in retirement accounts and jeopardizing investor appetite for the country’s assets. According to local media and wire reports, president Cristina Fernandez late Tuesday signed a law that will end the country's 14-year-old private pension fund system if it is approved by the country's legislature. This would effectively help reduce

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