Colombian Pension Giants With $70 Billion Add Alternative Assets
- Porvenir, Proteccion represent 80% of Colombian pension market
- Colombian returns in the $100 billion industry have lagged
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Colombia’s two largest pension funds said they are stepping up investment in alternative assets such as private equity, real estate and infrastructure as falling returns cut retirement payments.
The Colombian pension system, which manages about $100 billion in assets, increased holdings of alternative assets to 14.8% of total investments in December from about 5% in 2016.