May 16, 2014
A senior figure in Chile’s sovereign wealth fund has described as “a very bad idea” the Chilean government’s plan for a state-backed pension provider to compete with private ones. Arturo Cifuentes, academic director at the University of Chile's Center of Regulation and Macrofinancial Stability and president of the financial advisory committee of Chile's sovereign wealth fund – which has $22.19bn under management – said the rationale behind a new state fund was flawed. "I think a state-backed pro
Institutional Investors: Economist and senior advisor at Chile’s sovereign wealth fund casts doubt on the rationale behind plans for a state competitor to the private pension funds.