Over the last two days, Asofondos and the Federación Internacional de Administradoras de Fondos de Pensiones (Fiap) hosted their eighth annual round table focused on macro economics, long-term investing and pension funds.
Held in Cartagena, it brought together investment managers and institutional investors from Colombia, Chile, Peru and Mexico.
Nobel laureate and MIT professor Peter Diamond and President Santos were the keynote speakers. Asofondos president Trujillo compared the country’s demographic pension issues to Japan.
Aside from longer life expectancy, individual contributions are too low and overall regulatory impetus needs to be on investor incentivation and education. As of February 2015, private pension funds had about $158 billion in AUM.
In addition to associations and government representatives, fund executives included BTG Pactual, Pictet, AFP Old Mutual, Amundi, and MetLife.
Puzzling to me is why there aren’t more U.S. managers taking advantage of the time zone proximity and brand strength.
Time for WarrenEnskat to organize something for 2016. Stay tuned.