More on sovereign wealth funds
Chile is on the verge of implementing a new, less conservative investment programme for its two reserve funds.
In the next month, the ministry of finance is expected to select international consultants that will advise on the investment strategies for the reserve funds, whose income derives from copper sales. Callan Associates, Mercer, Russell Investment Group, Strategic Investment Solutions, Towers Perrin and Wilshire Consulting are the six firms competing for the role.
"We are starting to look for higher returns from our funds," says Eric Parrado, international finance coordinator at the ministry of finance in Chile. "Now, with outsourcing the management of the equity...
