Regulator limits Chilean schemes currency hedging

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CHILE - Chilean pension regulator Superintendencia de Pensiones has limited schemes' currency hedging to 50% of the value of their exposure to foreign assets.

Prior to this decision, Administradoras de Fondos de Pensiones (AFPs) - Chilean pension funds - could hedge up to 85% of their foreign exposure. But the regulator said in a statement that despit...

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