Chile wealth fund advisor slams government pension fund plan

Chile wealth fund advisor slams government pension fund plan

Funds

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial