Habitat buys fund manager in Peru

Habitat buys fund manager in Peru

M&A Funds Asset Management Chile Peru Andean

Chilean pension fund manager AFP Habitat has agreed to buy Peruvian mutual fund company EFIC Capital Asset Management for an undisclosed amount, according to a securities filing. The company's Habitat Andina unit will acquire 99.999% of the EFIC, while its Habitat América subsidiary will buy 0.001%, the filing said. The deal furthers the Chilean company's strategy of expanding beyond the local private pensions sector, which could face major upheaval in the coming years if the government goes ahe

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